hello, i am aware that most of forclosed houses need repairs.i've been told that sometimes the owner of those houses that are going on foreclosure jus

i am from Jamaica, i currently have visiting visa, i am interested to know if i could buy one of the foreclosure home being that i am not citizin only a visitor?

Hello Sherin, regarding your question about foreclosed properties needing a lot of repairs;as with most things in live you really have to see for yourself. Judge each foreclosed property on a property to property basis. Yes it is true that a large number of foreclosed properties are fixer upper and some are just totally trashed however, in my experience as a REO listing agent there are more properties in ready to move in condition than you may think. If you are looking for a good deal foreclosures and short sales are definately a way to go but it will require some work on your part (you have to view the properties) also if you are financing the property with an FHA or VA loan you will need to speak with your lender first to find out which appliance MUST be in the property or what repair items must be completed before settlement. Good luck with your home purchase.

It appears that your question was posted incorrectly or cut off before being completed.

Many people think that foreclosed homes automatically means it is a fixer-upper and needs work. That is not always true. Some foreclosed homes are in beautiful and ready-to-move in condition. And some are completely destroyed. And there are all levels in between. It really just all depends on who those previous owners were and how they left the home. The only way to know is to go and actually look at the home to see if it is something you can handle and would be interested in. I am only guessing but your question kind of feels like you are really interested in getting a good deal and that foreclosures equals deal opportunity. If that's true then I would advise that a "good deal" can come from anywhere. Any home seller who is motivated can be a deal opportunity. So just don't solely focus on foreclosures.

Let me suggest you get with your lender and ask them before you start looking to buy a fixer upper. Financing can be an issue on these home purchases with certain loan programs. Your lender will know what these restrictions are and will be able to best advise you. Since you will need their approval to get the funds to buy, I would get with them first. Thanks

Sherin, if the home you're referring to is a foreclosure, then the seller is the bank. The banks are typically more than willing to "play nice" with repairs and inspections as long as they get a good sales price. It's your agent's duty to make sure you're protected. Get a home warranty.

If you are serious about purchasing this type of distressed property, I recommend you talk with an experienced FHA loan originator. There is a program available that will allow you to finance repair money into your loan product. I have sold a couple of properties via this type of financing in 2011. Remember the loan orginator needs to be above average to give you correct information and recommendations of how to make it work.

Hi Sherin, Most foreclosures are sold "as is", but that doesn't mean the seller won't ever consider repairs. However, if you plan to buy a foreclosure with mortgage financing, be prepared with extra cash to cover repairs your lender may require and the seller may not agree to pay. All the best, Joe McAvoy

true many foreclosure homes do need repairs and the home owner will not do the repairs.

Hello Sherin, While most foreclosures do require some TLC, they can make a great investment if you are wise about the purchase and work with an experienced and knowledgeable realtor. When purchasing a foreclosure, it is very important to purchase a Homeowner's Title Insurance as virtually all foreclosures are sold with Special Warranty Deed (vs. General Warranty Deed offered by most traditional sales). I would be happy to refer you to an outstanding Keller Williams Realty agent in your area. Best Regards, Vivianne Rutkowski KELLER WILLIAMS REALTY

Sherin, A good realtor will make sure your protected in the home buying process. There are tricks to the trade, to get banks and any seller for that matter, to make repairs to homes. Some repo's are really being rehabed before it hits the market, such as Fannie Mae. What you need is a good Realtor. Contact me.

Hello Sherin, Buying a foreclsoure is a great way to build equity fast. You need to be selective, be patient, and let the right house come to you. Most foreclosures need repair. We have a great loan program that actually pays for the necessary repairs within the same loan to purchase the house. If this sounds like something you would like toi learn more about please contact me and I will be happy to help you learn more. Free of Charge!

Most homes that end up as foreclosures do have a certain amount of deferred maintenance that may need to be done. However that is not to say that frequently a move in ready home does come on the foreclosure market. It takes good communications between you and your Realtor as to what exactly you are looking for. If the two of you are on the same page your Realtor can find the home for you. That is why I always request a first meeting between myself and my clients so that I can get a better understanding of what it is they are looking for. What are your preferences? What is important to you? Then I can do a better job for you. If you would like to talk with me click on my profile and call me.I would be happy to discuss this with you.

Most homes that end up as foreclosures do have a certain amount of deferred maintenance that may need to be done. However that is not to say that frequently a move in ready home does come on the foreclosure market. It takes good communications between you and your Realtor as to what exactly you are looking for. If the two of you are on the same page your Realtor can find the home for you. That is why I always request a first meeting between myself and my clients so that I can get a better understanding of what it is they are looking for. What are your preferences? What is important to you? Then I can do a better job for you. If you would like to talk with me click on my profile and call me.I would be happy to discuss this with you.

Sherin, for some reason your question didn't fully post. Please try and post it again and I would be happy to answer it for you. Thanks so much, David Caggaino of Caggiano Realty Group.