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There are so many catches to buying a bank foreclosure house.The bank sets the price which may not be fair. If there are other people bidding on this property sometime you will have to wait months to hear if you were the highest bidder.

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Q: What is the catch to buy a bank foreclosure house?
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Related questions

Should I buy a foreclosure from a bank?

The only way to buy a foreclosure is through the bank. If you want to save money you can try to pay in cash.


How soon can you buy a house with cash after foreclosure?

Never.....


Can I really buy cheap houses at a foreclosure auction?

Foreclosure auctions are some of the best places to buy cheap houses. Normally the bank is just trying to get their money back and is willing to sell the house pennies on the dollar so you can end up getting a bargain


Can you buy a house if you have a foreclosure on your credit?

you must restore your credit.


How soon after foreclosure and sale can you buy a house?

3 years


Do you get the best deal by buying a house at a foreclosure auction?

Yes, you get the best deal by buying a house at a foreclosure auction. You can read more at www.realtytrac.com/foreclosure/Auction/how-to-buy-homes-at-auction.html


What is the best recommended foreclosure website?

There are agencies who can help you to stop foreclosure. I have saved my house from foreclosure and if you have a foreclosure property then those agencies will buy it at a great price. For foreclosure guide you can visit myprgenie.com you will get stop foreclosure guide by 2brothers real estate


If I have a foreclosure on my credit will it affect me in trying to buy real estate?

If you are paying cash, NO. If you are financing it with a bank loan, usually it will. Depends on how long ago the foreclosure occured and the individual policies of the bank you are trying to get a loan from.


What are the release dates for House Hunters - 1999 A Neglected Home in Foreclosure Tempts Atlanta Buy?

House Hunters - 1999 A Neglected Home in Foreclosure Tempts Atlanta Buy was released on: USA: 8 December 2010


Why is it bad to buy a foreclosed house?

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


Which banks lend to buy foreclosure properties?

Bank of America has a Foreclosure listings for properties on their website www.bankofamerica.com. The have great lending programs to help suit your needs.


Is it 5 years after bankruptcy and foreclosure that you can buy a house?

2 years for an FHA loan