Is it difficult to buy a home @ auction that is in foreclosure?
Question:
Answer:
Definitely harder to get financing. Hard money lenders will give money to almost anyone but a steep price, interest or collateral.
it is hard to buy a house foreclosure but not impossible. Main, thing you have to keep in mind the price of the house and the amount owed. Your offer might get accepted depending on how good the listing agent presents it to the asset manager in charge and if they have all the forms required. Financing? depends on your credit.
IF YOU ARE AN ATTORNEY, REAL ESTATE PARALEGAL, TITLE COMPANY RESEARCH ANALIST, OR REPO MAN LIKE ME, THEN NO. ALL CASH/CASHIERS CHECKS ARE ONLY ACCEPTED.
IF YOU ASK THIS QUESTION, YOU DON'T HAVE THE EXPERIENCE. A FACT OF LIFE!
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