No,a foreclosure house is quite risky and you should not buy it . if you are looking to boy a house there are some Homes for sale in Montgomery, AL
yes
Not all cash. You have to pay some cash to buy any home (the down payment). Therefore you buy it the same way you would buy any house.
It is often easier to buy a foreclosed home directly from the bank than a new home if you are willing to put up with the possible problems caused by an older, empty house sitting on the lot without maintenance for months. However, the bank will have less incentive to hold out for a better offer and will be more willing to part with the property without hassle. Foreclosed homes are easier to buy but may be more difficult to deal with after the sale.
yes
There is nothing wrong with buying foreclosed homes. A professional should be hired to inspect the home and find out what kind of repairs will be needed. There are pros and cons with purchasing a foreclosed home.
yes
Yes you can
You can contact the lender or lien holder who foreclosed on the property and make your offer to them.
I would think so. Though the bank should be using all means possible to get that cash from you to pay for your currently foreclosed house. Even if they don't, paying in full with cash for anything will always be accepted.
When the bank foreclosed on the house, they took it back. Now it's time to move out.
Theodore J. Dallow has written: 'How to buy foreclosed real estate for a fraction of its value' -- subject(s): Foreclosure, House buying, Real estate investment 'How To Buy Foreclosed Real Estate' -- subject(s): House buying, Real estate investment, Foreclosure
No, I can't
Not all cash. You have to pay some cash to buy any home (the down payment). Therefore you buy it the same way you would buy any house.
No the bank owns the house.
It is often easier to buy a foreclosed home directly from the bank than a new home if you are willing to put up with the possible problems caused by an older, empty house sitting on the lot without maintenance for months. However, the bank will have less incentive to hold out for a better offer and will be more willing to part with the property without hassle. Foreclosed homes are easier to buy but may be more difficult to deal with after the sale.
I;m new to this but I'd say when they changed the locks on the house...
yes