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Thoughs on buying foreclosure
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!!
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01-04-2008, 11:01 AM #2
Mansion
- Join Date
- Nov 2006
- Posts
- 1,232
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...
Last edited by Chief Tutor; 01-07-2008 at 09:51 AM. Reason: URL already in Signature
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01-04-2008, 10:30 PM #3
Condominium
- Join Date
- Dec 2007
- Posts
- 152
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.
Originally Posted by Codythebest
Andy Scherer <*> Loan Officer Training <*> Connecticut Mortgage Specialist <*> Real Estate Networking
Blog Updated Today: 01/31 - Loan Officer Tips
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