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 wanted to know the different methods of obtaining a forecloures home… can you only buy them at an auction?
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)?
Thanks!
My parents lost their house due to foreclosure. They currently live in it and I assume once the foreclosure goes through, they will be kicked out.
My question is..
How many days after the house is sold to the new owner in the auction will they have till eviction?
And if I were to buy the property at the auction, would there be any problems since I am the son of the original owners that foreclosed on the property?
