answersLogoWhite

0

No license is needed when buying foreclosed property mainly because nothing special is needed to buy property. When a bank auctions off a property all you need is money to buy that property and nothing else

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

How can you buy a house after it has been foreclosed and not sold at auction?

You can contact the lender or lien holder who foreclosed on the property and make your offer to them.


Where is the best place to buy foreclosed property?

Usually you must contact banks in your area in order to buy them.


What if you buy a property that was orignially foreclosed by fraud?

If the foreclosure was no good you may not own the property. In other words, your title is only as good as the foreclosure.


How can you buy an investment property?

You can purchase an investment property either through a local real estate agent or through a bank selling foreclosed homes. The foreclosed home route offers you a cheap entry point compared to most other options.


Do you need a license to buy car?

You don't need a license to buy a car, but you need a license to drive a car on a public highway.


Do you need a gun license to buy magazines?

No, you do not need a gun license to buy magazines.


What are the pros and cons of deciding to buy foreclosed property?

On the pro side you can get property for cheap. On the con side you can inherit some unforseen issues like back taxes or structural problems with the property.


Do people need license to buy American cars?

The previous answer is wrong you do not need a license to buy a car


What are the advantages of buying a foreclosed home?

You could buy foreclosed home below market value, ranging from 10%-50%. With this you could save a lot of money and if you decide to sell your newly purchased property you will have huge returns from your investment.


Do I need a real estate license to buy my own house?

No, you do not need a real estate license to buy your own house.


Do you need a license in Illinois to buy gold?

No. You do not need a license to buy gold. Do a search for Gold on-line and see how many sites there are!


Is it bad to buy a foreclosed home?

yes