View Full Version : Buying a home in foreclosure
12-12-2011, 12:53 AM
Explain your views about that should we consider buying a home in foreclosure?
Purchasing a home in foreclosure often appears to be a good value, but factors outside of the price need to be considered:
The purchase of a foreclosure often is a "cash only" sale
Can you view the actual condition of the home inside and out before placing a bid? The home may be in need of extensive repairs driving up the actual cost of the home, please share your information about that we consider buying a home in foreclosure.
06-14-2012, 11:29 PM
One way to help ensure you get the most house for your money is to buy a foreclosed home.The Balance or Opening Bid provides a good estimate of the amount owed on the loan in foreclosure.
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09-13-2012, 01:23 AM
Buying a home in foreclosure can easily help you to find a great deal on foreclosed properties, which is gonna help you to save lots of your money.
09-13-2012, 04:22 AM
With the increase in the rate of residential property day by day, many people who think to buy the house find a problem to search the best affordable home for himself. In such a case a foreclosure home is the best option for him to buy, because these homes are much lower in rate even as compared to the market value. Its very much affordable for the person to buy these houses.
09-13-2012, 05:58 AM
Well, I guess nowadays in some places while keeping an auction for the foreclosure property, people are allowed to see the property from inside. It may really happen otherwise that the person who is buying this property with a happiness of paying the money much lower than that of the market rate may not get into the loss by repairing or renovating the home. However doing the same thing he can lend the property on rent or on lease to recover the money he spent for that property.
09-14-2012, 05:11 AM
The benefit of buying foreclosed homes is not only limited to one or two. The best benefit of buying a foreclosed property is that you can buy it at a very low price. Another benefit is your ability to inspect the home prior to purchase.
09-26-2012, 05:39 AM
Purchasing a new home is very difficult task. Its very helpful details about Buying a home in foreclosure. According to me when we purchase any property than first see location, features, facility, price of property.
09-26-2012, 07:12 PM
Three types of foreclosure properties are there: notice of trustee sale (NTS), notice-of-default (NOD) and real-estate-owned (REO), a foreclosure property which has been re-purchased by the bank.
For most consumers, buying a pre-foreclosure property from a private homeowner is the best option. It s important that both the buyer and the seller see the situation, in order to ensure a smooth process. In this case, the seller is able to get out from under a mortgage without destroying their credit rating, the lender is saved the time and expense of foreclosing on the property, and the buyer gets a below-market price on a home.
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