who do i contact to buy a foreclosed house

(0) | asked by: Rebecca Mucci | share | 34 months ago | Report
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answer by Paul Xumsai    |   Visit My Website   |   Contact Me
Hi Rebecca, to find a foreclosed home, you should contact your local real estate agent. They should have a resources you need to find one that fits your needs.
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33 months ago  |   Report   |   share
answer by CAROLYN GIANDONATO    |   Visit My Website   |   Contact Me
It amazes me when people want to look at and buy foreclosures ONLY. Why I wonder? They always need work, usually have been vacant for years, and even when they were being lived in, the owners were doing no maintenance or repairs as they knew they were losing the house anyway. And the "steals" are no longer there, at least in our market. HUD, FNMA, etc., are all asking over the top prices for their junk that they sell AS-IS no matter what -- absolutely no repairs of ANYTHING.
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34 months ago  |   Report   |   share
answer by John Painter    |   Contact Me
You should contact a licensed Realtor. Homes that have been foreclosed on have been repossessed by the lender in an attempt to resell and recover the balance of the unpaid loan. Typically these homes are then evaluated for value and re listed by the lender. Since the homes are almost always vacant, the lender will winterize them to eliminate any water damage from frozen pipes and sell them as-is. Only when placed back on the market, and not before, are they accessible to buy. If you know of a home that has been repossessed and you are interested in, you should contact an agent who can notify you as soon as the home becomes available.
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34 months ago  |   Report   |   share
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