I'm not sure if you just find the bank that has the property you are interested in and get financing that way or are there other ways?
2007-06-05 08:47:13 · 4 answers · asked by lodijc 1 in Business & Finance ➔ Renting & Real Estate
Very few banks, save for the smaller local ones, are interested in direct sales of foreclosures. They generally list them for sale with real estate brokerage firms.
Do NOT expect to gain an easy financial windfall on such a purchase. The huge majority of these properties are sold for close to fair market value.
2007-06-05 09:20:09 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
The best way to obtain foreclosure listings is through a listing company. Foreclosure listings can cover all kinds of distressed property announcements such as foreclosure auctions, pre-foreclosures, and bank home sales. These types of properties provide a unique opportunity to homebuyers and investors by offering them a chance to purchase property for far less than its normal market value. ForeclosureListings.com gives you access to thousands of foreclosure listings from all around the country.
2007-06-06 03:27:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
the best thing to do is to get the property when it is in its Preforeclosure stage. You can find out how to do this at
http://massiveforeclosurewealth.com
2007-06-07 05:09:42 · answer #3 · answered by Anonymous · 0⤊ 0⤋
your best bet is to go with a realtor..they can obtain forclosure listings and even help you get one. they have access to alot more information. that is where i would start.
2007-06-05 08:51:22 · answer #4 · answered by mistyriver69 3 · 0⤊ 0⤋