I'm looking to buy a foreclosed house, but I don't know where to start. What does this process entail?

I'm aiming for June 2016, and I have no credit (college student).
(0) | asked by: Desire Sydnor | share | 23 months ago | Report
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answer by Patricia (Trish) Witulski    |   Visit My Website   |   Contact Me
Hey Desire! How did your search turn out?! I'd love to hear!!
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2 weeks ago  |   Report   |   share
answer by Marina McQuitty    |   Contact Me
Please contact me, I will help you with the process.
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15 months ago  |   Report   |   share
answer by Chuck Wartman    |   Contact Me
Hi give me a call and I can help with locating distressed properties for sale in the Colorado Springs area. I have extensive knowledge in this area and would be happy to help.
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16 months ago  |   Report   |   share
answer by Craig Hindes    |   Contact Me
Find a Realtor that really sells foreclosures. Not everyone has the experience nor contacts to make this type of transaction close. Yes anyone with a license or not can write on offer but you need to present yourself property or you will be overlooked by the banks that have foreclosures. You can approach consumers directly but again if you don't know what your doing you can end up getting sued for harassment and achieving nothing but wasted time which is what you will get with most Realtors. Interview a bunch and then call me. Craig Hindes Sunshine Real Estate 720-771-4934
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23 months ago  |   Report   |   share
Sellstate Partners Realty
answer by Sellstate Partners Realty    |   Visit My Website  
Hello Desire, Try and identify a CDPE, Certified Distressed property expert in your local area. There are a tremendous amount of REO agents out in the market who receive these listings from banks every day. If you contact them and let them know what you are looking for, they will hopefully contact you once they get the listing.
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23 months ago  |   Report   |   share
answer by June Lemmings    |   Contact Me
Hi Desire, if you are interested in buying a foreclosed home, it's best to find an realtor that is an expert in that area that can guide you through the process. The designation that you would look for is-CDPE, Certified Distressed Property Expert. In addition, you will need to start working on financing and a realtor can refer you to a lender that matches your needs, depending on if you need down payment assistance, etc. Feel free to call me if you need additional help for Northern Colorado, my direct cell is 970-388-3692. Thanks, June Lemmings
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23 months ago  |   Report   |   share
answer by Sally Grenier    |   Visit My Website   |   Contact Me
Why do you want to buy a foreclosed home? (just curious). Most bank owned properties have issues, and they aren't necessary a better deal than a regular home. I'd be happy to walk you through the process. First, you'll need to work on your credit. You'll want a minimum of a 640 credit score, but the higher the better. Once you get your credit squared away (and get pre-approved for a mortgage), then you'll want to work with a great Realtor who can help you find the right property. Feel free to contact me directly. I'm based out of Longmont, and do a lot of business in northern Colorado.
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23 months ago  |   Report   |   share
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