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Purchasing a home in foreclosure is easy. Contact the agent that has the property listed for the bank, submit and offer, have an inspection and close on the house if your offer is approved.

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15y ago

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Related Questions

How much can I expect to save if I purchase a foreclosure home instead of a home that is for sale by the owner?

You can expect to save a 30% or more.


How do foreclousers work?

Generally peoples go for foreclosure due to shortage of money. its an open bidding for purchase a home.


When a home goes in foreclosure due to nonpayment of taxes does the tenant have right to try to purchase home?

Anyone can purchase the house, tenant or otherwise. If you are interensted, clal a realtor tomorrow and have them look in to it for you (it won't cost you anything)


Can a parent purchase their child's home if it is going into foreclosure?

As long as it hasen't been forclosed on yet. And they pay all the legal fees to do it.


How can I purchase a bank foreclosure?

Foreclosures are a matter of public record, check with the local government in the city you wish to purchase a home to get a listing of homes in foreclosure. This information will include the name of the bank now holding the property, contact the bank and make an appointment to speak to them about the property you are interested in.


Can you rent out your home while home is in foreclosure?

Yes you can, but in most states you have to tell the potential tenant about this foreclosure.


Where should one buy home foreclosure equipments?

You will most likely need to go to an auction to purchase any kind of equipment that has been repossessed in a foreclosure. There aren't really any direct sales without having to bid.


Can a second mortgage put your home in foreclosure?

Yes, any unpaid mortgage can put your home in jeopardy of foreclosure.


In California what is the time limit for moving out of a foreclosure?

what is the time for foreclosure on a home in california?


If your renting a home in foreclosure when do you stop paying rent?

Not until there is a foreclosure sale.


What is a foreclosure under contract?

That means a lender has executed a purchase and sale contract on a property it owns by foreclosure and a sale is pending.


Can you purchase another house if your house is not in foreclosure?

mo ney