How do you buy a foreclosed home?

(0) | asked by: Debbie Mannhalter | share | 1 week ago | Report
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answer by Rich Reed    |   Visit My Website   |   Contact Me
Hi, Debbie, most homes shown as foreclosures are not actually for sale, at least not yet. They are in some state of the foreclosure process and may never be available for purchase. Many sites pull pre-foreclosure data from the public records and tease partial details to lure subscriptions. Properties that have completed the foreclosure process and weren't sold at auction typically become listed as REO. If you are interested in a particular property, your Realtor can find out the status and contact the owner or the foreclosing party. Hope this is helpful!
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