These homes are listed for a few thousand dollars is that the true price of these homes or is there a catch to this?

I am interested in buying a home in the next couple of months was looking to cash buy a foreclosed home or a home seized for taxes is that possible? Alco I'm married but I was wondering if my father would be able to be a co buyer on a mortgage loan. Any help in the right direction would be greatly appreciated.
(0) | asked by: Kevin Partozoti | share | 21 months ago | Report
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answer by John Caporale    |   Visit My Website   |   Contact Me
You generally can get a good deal on foreclosures. but there can be a lot of landmines to navigate. Shortsales aren't necessarily much less expensive than they would be otherwise. Just because they will likely sell for less than is owed on them doesn't mean they are priced below market value. It just means the debt on them is higher than current market value. As the others have said, do yourself a favor and work with a Realtor who has experience working with distressed properties because those landmines can explode.
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answer by Kimberley Porter    |   Visit My Website   |   Contact Me
Hello Kevin, I would happy to discuss your options. Please call me to discuss.
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answer by Seth Tuttle    |   Visit My Website   |   Contact Me
These are for rent as a rule.
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answer by Bob Wert    |   Visit My Website   |   Contact Me
Kevin, Cheryl is correct. You can get good deals on foreclosed homes or short sales, but they can be difficult at times. Make sure you hire an agent familiar with working with distressed properties. Bob
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answer by Cheryl Kolb    |   Contact Me
You can get good deals on short-sales and foreclosures for sure. It will be a longer process though because you are dealing with a lending institution which doesn't always move quickly. Your father can be a co-buyer on a property with you but you'll want to check the community property laws in your particular state if your spouse will not be on the deed to the home. Best of luck to you.
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