Posts Tagged ‘Buying A Foreclosed Home’

How to Buy a Foreclosed Home At an Auction?

I live in Orlando, Florida and the housing market is bad. There are foreclosures auctions 3 times a week at the court house. I know that in order to buy foreclosed homes, you must already have a certified check from a bank. But, if I find one I want, do I need a appraisal or anything else required by the bank? Some houses are selling at 50% of asking price before the actual auction so I should have no need for appraisal right? What are all the things that I need to do before buying a house? It would be my first home and primary residence.

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