Posted on May 24, 2011.
As I am a first time home buyer, iDon't Have Too Much of capital to invest, as you guessed it May Have. However, I am considering Various optionsthat I Can Available as a first time buyer foreclosure WAS Therefor One Of The options to consider. Currently I am looking in Santa Clara County in Bay Area, California
Thanks
Kyoko Kulakowski says...
Oh boy, that is about the most expensive real estate in the country.But, here goes...Foreclosure property is property that has been taken over by a lender because the buyer did not pay the mortgage.Most all lenders have some, and they would like to get rid of it because their business is lending money, not running real estate.So, go to some lenders and ask about their Real Estate Owned department.Most such properties require a fair amount of fixup before they are habitable; if you can convince the REO people that you can and will do so, that's worth points.Because they are interested in getting rid of the stuff, you may find a decent deal.
Posted on May 26, 2011
