Buying Foreclosures?

Question:

How do i go about buying foreclosures and can you finance or do you have to pay cash.

Answer:
There are 4 (5 in some states) ways to buy a foreclosure and it can range from no money and no credit to having money and/or credit.

When to buy:
1. pre-foreclosure before the public notice is issued
2. pre-foreclosure after the public notice is issued
3. at the auction
4. during the redemption period (depending on state)
5. As a bank REO

Each time frame has it's own method or methods of owning the property. I suggest you read some books at your local library or bookstore.

Regards

Check out this website. It has a very good info regarding foreclose property. http://www.realtytrac.com/.

I am going to foreclose similar next week I will let you know more info about it later.

if you really want to start buying this is a very useful guide
http://andycaine.fedhomes.hop.clickbank.

Buying Foreclosures?

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