Can you get a foreclosure home with bad credit? and how do you go about it?
Question:
You can pay cash.
The fastest way is the partner with somone with good credit. You do all the work of finding, fixing, and selling. Let the partner put down all the money.
When it's sold you share the profits and do another deal. If you are hard working and take care of your partner, you'll have no money worries at all.
You can purchase a foreclosure property in the same way that you can buy any other property. Bad credit will definitely not help you in obtaining a loan for the property...
Hope this helps...
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with the market being as bad as it is, why would you want to buy a foreclosed home? Plus, with lending getting stricter thanks to mortgage companies shutting down each week, who do you think will give you a mortgage with bad credit, especially on a foreclosed home? Unless you have a lot of money to put down, you'll be in rough shape.
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