2006-10-04 12:01:35 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Anybody can buy them!
-Angela
http://www.ratraceclub.com
2006-10-04 12:32:09 · answer #1 · answered by Biancoa 4 · 0⤊ 0⤋
Anyone can buy foreclosed homes. However, they usually require an immediate and large down payment. Also, payment for the home must be made in full within a specified time -- often 30 days or less.
Usually these houses are auctioned off to the highest bidder and are sold strictly as-is. Because they are auctioned, they are usually not sold much below market value. Purchasing a home in this manner can be risky unless you are experienced because there are no inspection contingencies, loan contingencies, or disclosure & document contingencies.
Also, because they are sold in as-is condition and may need work, they can be more difficult to obtain financing on.
Good Luck,
Kevin
Licensed Realtor
http://www.KevinScolastico.com
2006-10-04 19:24:57 · answer #2 · answered by kevin s 2 · 1⤊ 0⤋
Are you buying a foreclosed home listed on the mls? or auction? I bought a foreclosed home on the mls barely any down payment needed.. Anyone can buy them just know what your getting into. I have 12 years of construction experience so it isnt so bad for me but if you dont know what your getting into you could lose alot.. Good luck with venture...
2006-10-05 09:42:34 · answer #3 · answered by andy j 1 · 0⤊ 0⤋
If you are buying for yourself, then you can purchase without a realtor.
Check out this new web site, www.BuySellListings.com. It allows home owners to post their homes for sale, specifically PRE foreclosure homes. Interested buyers like yourself would have free access to all property listings and can contact the owners directly. Good luck with your investment in foreclosure homes.
2006-10-04 19:57:11 · answer #4 · answered by escpforever 2 · 0⤊ 0⤋
Anyone with the means to pay for them.
2006-10-04 19:09:17 · answer #5 · answered by Karen R 3 · 0⤊ 0⤋
Anyone can buy them.
2006-10-04 19:03:30 · answer #6 · answered by Justin 3 · 0⤊ 0⤋
Hi
'ANYBODY' can buy !
best wishes..
2006-10-04 19:34:39 · answer #7 · answered by suresh k 6 · 0⤊ 0⤋