Open Question: Can I buy a home after foreclosure??

Open Question: Can I buy a home after foreclosure??
I recently lost a house to foreclosure…Our mortgage went up to $1,200.00 monthly for a friggin mobile home…needless to say everything we tried to do to save our home…the bank would not help in any way,…we lost our home a month ago and have an opportunity to buy a home from a friend that is only $40,000.00. How can I go about buying this home…and another option being rent to own…how does that work??? whos involved?
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Open Question: What should I do in my mortgage situation?
I have a mortgage that is about to increase 1800 a month. My first loan balance is 360000 and I have a second mortgage for 113000. I am figuring out ahead of time that when the increase happens it is unlikely that I can keep up with my payments. I have already called my lender about loan modifications but they refuse to do it. I have never had a 30 day late mortgage payment ever. My payments will be roughly 4300 a month. What are the repocussions if I purchase a 2nd home before the first house is even late and then let the 1st house go to short sale or foreclosure and keep the house with the lower mortgage payment I can afford.? I just want to have real estate before my credit is shot for 7 years. Any advice? My house is worth less then I owe just to be clear probably at least 60,000 less. Thanks,
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Foreclosure filings keep rising - Boston Globe
Foreclosure filings keep rising Boston Globe, United States - 4 hours ago Some affluent Boston suburbs were among communities with the highest rates of foreclosure proceedings against homeowners in the first quarter. …
Source: www.tackleforeclosure.com

Seattle may help homeowners facing foreclosure - Seattle Times
Seattle may help homeowners facing foreclosure Seattle Times, United States - 2 hours ago A Seattle City Council committee has approved a plan to provide emergency loans to some homeowners facing foreclosure. If endorsed Monday by the full …
Source: www.tackleforeclosure.com

Open Question: Chapter 13 - How much does it cost?
Generally speaking. and is there ever a time when you can't file a chapter 13? Situation is I am facing foreclosure and I have outrageous credit card debt
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Knoxville Foreclosure Watch
Welcome back, fellow Foreclosure Watchers and thanks for your patience with yesterday's technical difficulties. We're a day late, but not short on foreclosures. Although listings are roughly the same and pendings are down, closings are way up. Oh, and average DOM is way up too. Let's get to the numbers: Knox County Foreclosure Property Statistics as of 5/08/08 * Current On-Market Listings - 157 Average Asking Price: $128,732 Median Asking Price: $89,900 Most Expensive New Listing: 4 BR, 2 BA,
Source: www.allaroundktown.com

BGS3 Offers Free Help for Homeowners Facing Foreclosure (PrimeNewswire via Yahoo! Finance)
LOUISVILLE, Ky., May 8, 2008 — BGS3, home of Program 3648, has now blanketed the country with certified real-estate professionals who are trained and ready to help thousands of homeowners avoid foreclosure.
Source: biz.yahoo.com

Open Question: Buying Forclusures?
Looking at the yahoo real estate forclosure area you see some that say: This property is an REO (Real Estate Owned). This is the final step in the foreclosure process. Ownership has reverted to the lender. This 665 square foot property has 1 bedroom(s) and 1 bath(s). The estimated sale price is $3075. I mean - really. I could go to the lender with 3075 and just buy the place? How does that work?? Also, some of the listings say something like 'estimated loan balance is $xxxx.xx' Does this mean that the eventual price is going to be that amount and how much can one negotiate? Thanks in advance!
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Tags: foreclosure, home equity loan