Posted on: 16th Jan, 2014 11:17 pm
I am interested in buying a foreclosed home in my locality. Let me know some of the tips to buy a foreclosed home.
If you wish to buy a foreclosed home, you should work with a Realtor. Those Realtors who have experience in dealing with bank owned homes can help you better. They will be able to guide you through the process.
Get in touch with a real estate agent. He will be able to help you out in this matter.
Unless you have cash and win an auction on the court house steps you will be looking at bank owned homes - these are foreclosures the bank has listed on the market with all the other homes - Get an agent look at all the homes available and find one that works - bank owned may or may not be the best deal - once the banks list them they try to get as much as they can just like anyone else.
To truly buy a foreclosure you need to have cash since you cannot finance at a deed sale.
Good Luck
Brian Barnes
ENG Lending
Nationwide Lender
To truly buy a foreclosure you need to have cash since you cannot finance at a deed sale.
Good Luck
Brian Barnes
ENG Lending
Nationwide Lender
