I see some Foreclosures huoses for 8000$ is that what i have to pay to own the house?
Question:
Answer:
That's usually the starting bid for the foreclosure auction. The actual selling price will be closer to the appraised value.
yep
i bought a foreclosure house and you need to place a bid. the 8000.00 is probably what is owed on the house. Sometimes you can get a loan to help fix up the house.
That is almost certainly a subordinate lien, and if you purchase the porperty, you will still owe every dollar on every senior lien against the property.
As a favor to yourself, go get a good buyer's agent. NOW.
Not necessarily. The bank will finance a foreclsoure (REO) with less red tape.
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