How Do You Buy A House In Foreclosure?
During the current economic crisis, a lot of homes are being lost to foreclosure. But this sad situation can be a positive opportunity for home buyers. Foreclosures usually sell much cheaper than homes listed by owners, and give home buyers a chance to get a lot more for their money! The First step to buying a home in foreclosure is to find a Realtor. They can help you to obtain a list of foreclosures in your area, and can assist you with the necessary paperwork. You will want to find a Realtor that is working as a Buyers Agent. This means they are working in YOUR best interests, not the bank’s. If you end up with a Realtor that is working as a Sellers Agent, chances are you will end up paying a lot more for your home. A Sellers Agent will be trying to get the best deal for the bank, not for you. Once you find a Realtor, you will then want to determine how much you can afford. Your Realtor can suggest some lenders that you can speak to about getting pre-approved for a loan, or you can
