DeanDretske.com – I discuss the 3 stages of foreclosure and talk about investing in each of those stages. Also discuss the relationship between short sales and foreclosure. I give some valuable advice on dealing with the pitfalls of foreclosure investing.
I noticed a townhome I liked that is going to be sold at auction in October because they haven’t paid taxes and owe ,000. That’s the only information given. I know the homes there go for about 90k. Is there a chance I can get it for cheap? Would I have to pay the owed taxes? Their mortgage? I’m just curious how it all works. Thanks!
Can I walk into a bank and tell them I am ready to buy- make me a deal or do I have to go to an auction via listings or get an agent? I would like something in NJ although aren’t the real bargains in Detroit and Ohio and places like that?
I’m located in Georgia, and I want to buy a foreclosure. If I get preapproved through a Fannie Mae lender can I buy at an auction or do I need to use a realtor? Also, can I get rehab money included in the loan (that is if the house is less than my approval amount)?