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Do you need good credit to get a foreclosed home? My friend he said he got a house it was foreclosed ?

Written on April 30, 2010

My friend got a foreclosedm home he said didnt need a down payment, has bad credit and only needed the first months payment for morgage which was $550? Is that true I have wanted a house so long and I really want to know how to get a foreclosed home?

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  1. Is there a new tax rebate/credit for buying a foreclosed home?
  2. If a house is foreclosed on can the previous home buyers come back and take the house?
  3. What is the typical mark up on foreclosed home?
  4. How fast can I make my mortgage company foreclosure on my house?
  5. I want to see if i can buy a foreclosed home in my area but have a low credit score. can anyone help?

Filed in: Foreclosure News.

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