Lots Foreclosures
What should I know about buying a foreclosed home?
I don’t have much money but I live in Southeast Michigan where the market on homes is good for buyers and there are a lot of foreclosures. So how do I do it?
You should go online to a few banks and find out what their REO’s are. These are properties that have already been thru the foreclosure process and the bank now owns them. I would not go the short sale route because it can take months for the bank to approve the offer. I am in the process of buying a reo that belongs to countrywide. We got a great deal just remember not to low ball when making an offer because they may not even counter you back.
Goodluck.
For countrywide reo listings just go to their website under buying and on the left will be the link for reo’s.
WATERFRONT CREEK LOTS FOR SALE 40′ X 230′ – $3500 EACH – CRUMP, TN
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Is buying a foreclosure property a good deal? There’s a lot of risk, especially for first-time buyers.(REAL ESTATE & CONSTRUCTION): An article from: New Hampshire Business Review $9.95 This digital document is an article from New Hampshire Business Review, published by Business Publications, Inc. on September 26, 2008. The length of the article is 677 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Is buying a fo… |
