Foreclosures Help Information

Posts Tagged ‘Buy Homes’

Buy Foreclosures Homes

Question: Is it difficult to buy a home @ auction that is in foreclosure?

Is it harder to get financing? Are there specific type of financial institutions that specialize in financing the purchase of foreclosure homes?

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Answer: Definitely harder to get financing. Hard money lenders will give money to almost anyone but a steep price, interest or collateral.

3 Ways to Profit from Foreclosed Homes

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Buy Foreclosed Homes From Banks

Question: buy a foreclosed home before its on the market?

There is a house I made an offer on, but the owner lost the house before the close of the deal. Can I contact the bank that now owns it and make an offer to them? Thank you so much for your help.

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Answer: The bank can not legally sell to you. They will refer you to their agent. They will want to collect offers for at least a week (if there are several), a couple of months if there are few unless you are offering close to value with a high percentage of cash.

Robert Shemin Seminar Free, Buy HUD homes and REO Foreclosu

How To Buy Foreclosed Homes California

Question: Buying a Foreclosed Home in Burbank / Glendale California at Auction?

I'm moving to the Burbank/Glendale area this summer and I'm thinking about renting at first, then trying to buy a home at foreclosure. Has anyone done it in this area? What's the best way to get more information about it? Thanks!

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Answer: Are you talking about auctions at the Court House? If so, you need to be cash-liquid and have a cashiers check with you. If that's not a option, then I'd suggest talking to a local Realtor when you get to town. There's a ton of Inventory on the market with a large portion of that either "Short Sales" or REOs. It's a great time to buy. Short Sales will require patience, and don't be disappointed if the 1st few deals fall through.

Must Have Tips for Buying HUD Homes