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how can you buy a foreclosed home? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
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How to Buy a Foreclosed Home — The Motley Fool – If you know how to buy a foreclosed home, you could get into your next house for less than you think. In addition, the foreclosure process can be tricky. Unless you have a strong real estate background, I would highly recommend hiring a real estate professional with extensive experience in foreclosures.
When a home buyer or investor wants to buy a cheap foreclosure, it’s easy to assume that all foreclosures sell for pennies on the dollar. However, that impression is somewhat false. It is not how foreclosures work.Especially if the home needs repairs. Your idea of a fix-up cost and the bank’s estimate might be two different opinions.
How to Buy a Foreclosed Home or Auctioned Property | Sapling.com – Preparing to Buy. You’ll need to make certain preparations if you want to buy a foreclosed property, including: Identifying available properties: You can check an online multiple listing service, or MLS, for homes in the pre-auction stage of foreclosure, homes about to be auctioned or homes for sale directly from the lender.
Foreclosed houses are sold as-is, and often also sold with no written disclosures. Hire a licensed inspector to get a good idea of the property’s condition before you close the deal. Bottom line. If you enjoy shopping clearance sales, you might love the foreclosure market. Foreclosures offer a great opportunity to pick up a home "on sale."
How to Buy a Foreclosed Home | US News – Even if you can get a professional inspection on a foreclosure, you typically have to buy the house "as is." Once you purchase the home, any problems that pop up are yours – as is the responsibility for finding and paying for a remedy.
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Using Your VA Home Loans to Buy Foreclosed Homes. This Nov. 17, 2010, file photo shows a sign in front of a foreclosed home in Las Vegas.. you can use the VA home loan. Why Get a VA Loan? The.
credit range to buy a house What Credit Score Do You Need To Buy A House? | LendingTree – Gain an understanding of what credit score is needed to buy a house based on the various mortgage types. What credit score do you need to buy a house? Gain an understanding of what credit score is needed to buy a house based on the various mortgage types.
Is buying a foreclosed home ever a good idea? – CSMonitor.com – Do high-foreclosure markets actually represent an opportunity? Yes, they do. But buyers have to be careful: Purchasing a home that is in foreclosure can lead to big problems.. You have accessed the Monitor's archive.