Comments on: How do you buy a foreclosed home? http://www.em-forma.com/how-do-you-buy-a-foreclosed-home/ Helping You Stay In Your Home Sat, 13 Mar 2010 01:19:19 +0000 http://wordpress.org/?v=2.5.1 By: bdat40oz http://www.em-forma.com/how-do-you-buy-a-foreclosed-home/#comment-1151 bdat40oz Fri, 27 Nov 2009 23:36:26 +0000 http://www.em-forma.com/how-do-you-buy-a-foreclosed-home/#comment-1151 Forclosures are not always cheaper! I would check out http://www.williamsauction.com/?PHPSESSID=803666ccda430fc8ed467b3a54e429f3 and of course MLS through your Realtor. Timing is everything! You do not need to pay cash, in fact most of the time they will even pay the closing costs. You can usually purchase the home with a conventional or VA Loan. FHA Loan would probably be pushing it because these homes are sold as is. If there where 2 offers and one was FHA and the other was a conventional the bank (Seller) will go with the conventional because it not so much of a hassle for them. Most of the time they will also not counteroffer unless the home has been on the market for a while. Good Luck Forclosures are not always cheaper! I would check out http://www.williamsauction.com/?PHPSESSID=803666ccda430fc8ed467b3a54e429f3 and of course MLS through your Realtor. Timing is everything! You do not need to pay cash, in fact most of the time they will even pay the closing costs. You can usually purchase the home with a conventional or VA Loan. FHA Loan would probably be pushing it because these homes are sold as is. If there where 2 offers and one was FHA and the other was a conventional the bank (Seller) will go with the conventional because it not so much of a hassle for them. Most of the time they will also not counteroffer unless the home has been on the market for a while. Good Luck

]]> By: Sophia http://www.em-forma.com/how-do-you-buy-a-foreclosed-home/#comment-1150 Sophia Fri, 27 Nov 2009 22:58:25 +0000 http://www.em-forma.com/how-do-you-buy-a-foreclosed-home/#comment-1150 goo to http://www.hud.gov and look at the buying section goo to http://www.hud.gov and look at the buying section

]]> By: txtxtx111 http://www.em-forma.com/how-do-you-buy-a-foreclosed-home/#comment-1149 txtxtx111 Fri, 27 Nov 2009 22:33:03 +0000 http://www.em-forma.com/how-do-you-buy-a-foreclosed-home/#comment-1149 well there forclosed because of BAD payments the bank selling it just wants balance owed most times ,,i pay cash but w/enough down you may get another bank to refinance maybe ! if its in pretty good shape ,,,,, and you can offer a lower price than asked banks are in the loan biz not realastate well there forclosed because of BAD payments the bank selling it just wants balance owed most times ,,i pay cash but w/enough down you may get another bank to refinance maybe !
if its in pretty good shape ,,,,, and you can offer a lower price than asked banks are in the loan biz not realastate

]]> By: misen55 http://www.em-forma.com/how-do-you-buy-a-foreclosed-home/#comment-1148 misen55 Fri, 27 Nov 2009 21:56:53 +0000 http://www.em-forma.com/how-do-you-buy-a-foreclosed-home/#comment-1148 Here is the foreclosure bargain-finding procedure: http://tms.ecol.net/realestate/foreclos.htm Here is the foreclosure bargain-finding procedure:

http://tms.ecol.net/realestate/foreclos.htm

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