How do I buy a foreclosed home without using hud?
Written on November 26, 2009
I want to buy a cheap home to live in for a short time(2 years) because I’m in the military. I’m interested buying a foreclosed home as an investment. Can you buy a foreclosed home and flip it? Contact me at my e-mail address if you can help me. At david_trapnell@yahoo.
Related posts:
- I am considering buying a foreclosed home. Does anyone have any advice from experience that they can give?
- Could you please give me some advise on buying a foreclosed home?
- What are the pros and cons of buying foreclosed property e.g. home?
- How do I find out about and buy a foreclosed home?
- How can I find information on a bank that owns a foreclosed home?
Filed in: Foreclosure News.
You need to go to auctions. Sometimes different towns, cities, counties have public auctions. These homes have been acquired because of back taxes. I think all they can ask is what is owed in back taxes, I may be wrong though. Also you need to be able to pay cash or check. You cant mortage a foreclosure. Also you usually cant inspect the home before buying so be careful.
Since your in the military check the VA website and there should be a link to properties for sale in your area including foreclosures.
Usually forclosed homes are sold with a prefreance to single family owners 1st. If the bids come in too low for a single family buyer then it opens up to investors…so if you look around you should be able to find one that has opened up to all buyers…