Foreclosure?
Question:
Answer:
Buying a foreclosed property is the same as buying any other property. Same opportunities apply.
Sometimes you can work a preforeclosure "no money down"
That's kind of rare...usually the down payment is figured by the price of the property. You can also finance up to a certain amount of your down payment. We bought a foreclosed place for $104000 and only had to pay $500 down payment going through our personal banker.
Well maryland is the only state i know where you only pay the premium if the owner of the property does not redeem and you need to foreclosure on the property and here's a great resource on the subjebt http://www.theadventurecouple.com/htmlre...
Why do you think the market is now filled with foreclosed homes? Because of NO MONEY DOWN LOANS! Good Luck!
Financial investments are the breeze of chocolate over the beach of mud.
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