Buying Foreclosure From Bank
April 29th, 2009
Buying Foreclosure From Bank
Question: I want to buy a bank owned foreclosure home with cash. How do I begin?
I live in Albuquerque, NM.
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Answer: First you have to do some research and find out where these homes are or at least the home you want. I would suggest using the site GovernmentAuctions.org - they have a comprehensive list of foreclosed homes, details info on where and when the home goes up for sale, and who is in charge. If this is your first foreclosure - they also have a tutorial. After that I would find an auction that specifies that cash is allowed. Most of them go with cashiers check.
Real Estate: Buying Bank Foreclosures
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