Foreclosures. Can real estate companies purchase my home?
Question:
Yes they can, if they want to.
once the foreclosure goes through it is not your house anymore and anyone can buy it.
More than likely, the answer is yes you can. This would depend on how much the bank is willing to work with you, and they may even have a broker that they would approve this to happen with, etc. Contact them and see what they recommend.
In most states, the owner of the house has a "right of redemption" which provides a period during which the owner can pay off the debt and expenses incurred by the lender and retain title to the property. If you have a buyer lined up who will pay you more than the amount of the indebtedness and expenses, you can arrange a redemption and resale to occur on the same day. The lender will actually help you make the arrangements. They are more interested in having the loan paid than in acquiring your property.
Good luck with this.
Well that's the million dollar question, who is going to buy your home? Well, there are home buyers out there but they offer it such a steep discount that it's almost impossible for the bank to accept the terms. Banks do not purchase from other banks, usually. You'll need to get a realtor and get a price lower than all the other listings and see if the lender will approve a short sale.
For more information on how to win in foreclosures, I recommend the book below.
yes they can. probably you can, but given your history of getting to this point of foreclosure they can reject you but you should try...
More Related Questions & Answers...