I'm afraid I might be making a mistake,but there is a good possibility I could get the home alot cheaper then buying one thats listed.
2006-08-27 15:32:22 · 4 answers · asked by Jeanette G 1 in Business & Finance ➔ Renting & Real Estate
Pretty much like any other sale.
However, you will almost certainly only get a quitclaim deed. Warranty deeds are virtually never given on forclosures. Your title insurance will protect you against any superior claims so make sure that you are covered by the title policy, not just the lender.
2006-08-27 15:52:41 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
You will get the home cheaper. But you will also get it "As Is" which means it may need repairs. Examine the foreclosure statement very clearly and have the home examined by a home inspector.
It's just as likely the owners simply failed to make payments and except for sitting empty, the house is liveable.
Do you research...
2006-08-28 07:37:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
make sure you check it out first.....
make sure your contract allows for an inspection
make sure your contract specifies that you will receieve CLEAR title, no quitclaim deeds, no sheriff sale deed, etc. just a nice warranty deed.
2006-08-27 22:48:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes, there is! You'll have to live in Indiana.
2006-08-27 22:37:59 · answer #4 · answered by MaqAtak 4 · 0⤊ 0⤋