can anyone buy a foreclosed home

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An expert’s single word of advice for folks who dream of buying a foreclosed house at auction: Don’t. "I caution anyone who isn’t in the (real estate) business: Buying (at auction) can be.

NEWS- Going once: Area foreclosures up– but it could be worse – On the day that the Prang home was sold. If a house is foreclosed for a $250,000 debt, he says, it’s going to be hard to list one for $350,000 in the same neighborhood. Back in Court Square,

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I am looking at buying a VA foreclosure. The house has been on the market 78 days and is in rowlett tx. My Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

How to Find and Buy a Foreclosed Home – YouTube – You want a cheap foreclosure at a bargain price, but banks want to sell for as much as possible. Finding the right foreclosures to buy can be.

This process can at times be difficult if the foreclosed property has any defects that the VA requires the property seller to fix before the home can be approved. According to the Veteran Journal, it is not unusual for sellers of foreclosed homes to accept a lower cash bid rather than deal with the VA loan appraisal and inspection process.

Buying a Foreclosed Home: How a Foreclosure Sale Works. – Buying a foreclosed home can be a good way to score a deal while hunting for real estate. A foreclosure is a house whose owners were unable to pay the mortgage or sell the property.

Be aware, though, that purchasing a foreclosure can be complicated. Would-be buyers who haven’t done their homework can make costly mistakes. zillow polled some real estate agents to learn about the most common mistakes they see when it comes to buying foreclosure properties. Here are their tips to help you avoid costly blunders.

Buying a home in Arizona isn’t always as difficult as most people think – The couple admits they had many misconceptions about buying a home. in order to get approved for a home loan. "My lender advises me anyone over a 640 and makes adequate income should qualify," said.