What are the steps and process of buying foreclosures?
Question:
i do not think it is any different then if you where buying a new home. If your not paying cash then you need to contact a lender and need a realtor. found some buyers tips that i think will help
http://www.goduckcreek.net/homebuyinginf...
two websites that will assist you:
http://www.realtytrac.com/
http://www.foreclosures.com/pages/state_...
the first website above - you can sign up for free email listing of forecloures in your area. this will give you information as to where it is located and who the trustee is and how much is defaulted.
the second website will give you the foreclosure laws and time lines for each state. simply click on your state.
foreclosures are usually sold through a trustee sale on the steps of the county courthouse.
hope these two web sites help you.good luck
are you an investor ready to go to the court looking for the houses in auction?
that is the best way to get FC properties.
If you don't have money, don't bother looking. Foreclosures are not gifts. They are sold by lenders for as high a value as they can get.
You will need financing as if you were buying a conventional house.
And no, foreclosure lenders don't sell to folks without good credit or money. They just got OUT of that with the foreclosure. They don't want it again.
Don't miss out on what many people are doing to save up to 80% off your new home. Many listings available in this area! Now is the time to buy!
http://govntforeclosures.blogspot.com...
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