Thoughs on buying foreclosure

[mciau]

i know about the liens and and the unpaid mortgage but would it be less to purchase a foreclosure than to purchase a home with 30 yr mortgage?? i just wanna know more about this because my father owns property and its almost paid off but he wants to invest in a home for myself and was thinking if it would be better to attain a home thats in pre forclosure. i just want more input on this and thoughts that anyone might want to add! Thanks!!

[Codythebest]

You want to buy a foreclosure or a pre-foreclosure?
Foreclosure, go to the bank and negociate down heavely.
Pre-forclosure, deal with the owner , buy it subject to...

[LOTrainer]

You want to buy a foreclosure or a pre-foreclosure?
Foreclosure, go to the bank and negociate down heavely.
Pre-forclosure, deal with the owner , buy it subject to...

www.myforeclosuretips.com (http://www.myforeclosuretips.com)

I absolutely agree with this statement! When you buy a foreclosure, you definitely want to go straight to the holder of the foreclosure and negotiate the price.