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November 29, 2022, 10:38:43 pm
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Author Topic: Three Tips for Buying Foreclosures and Distressed Properties   (Read 30582 times)

Offline Better House Buyers

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    • Better House Buyers
Re: Three Tips for Buying Foreclosures and Distressed Properties 
« Reply #15 on: April 19, 2018, 07:06:45 pm »
starting to see an increase in foreclosures in my area. 

Offline Terri Ring

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    • Central Valley House Buyers
Re: Three Tips for Buying Foreclosures and Distressed Properties 
« Reply #16 on: April 21, 2018, 08:36:23 pm »
I have approached so many who have equity( sometimes it is a good amount)  say they have it taken care of, and months later lose their home to foreclosure. It is a sad thing to see especially when they could have walked away with cash in their pocket.
Terri Ring
Central Valley House Buyers
Centralvalleyhousebuyers.com

Offline SolutionHomBuyers

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    • My Cash Offer Site
Re: Three Tips for Buying Foreclosures and Distressed Properties 
« Reply #17 on: May 29, 2018, 04:33:48 pm »
4 Strategies to Buy Foreclosures:

1. Approach homeowners in pre-foreclosure and make them an offer to buy.
2. Purchase the property at the public auction.
3. If no one bids on the property, it becomes bank owned.  Purchase the property from the bank.
4. Make an offer to purchase the property from the investor who bid and won at the auction.

detroitcashforhomes

  • Guest
Re: Three Tips for Buying Foreclosures and Distressed Properties 
« Reply #18 on: July 18, 2018, 04:47:43 am »
Tips for buying the foreclosure:-

1. Get pre-approved for a mortgage
2. Know what you are getting in to
3. Donít assume they will just accept any offer
4. Donít limit yourself to foreclosures



Offline HUD512

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    • HUD512
Re: Three Tips for Buying Foreclosures and Distressed Properties 
« Reply #19 on: July 31, 2018, 07:51:09 pm »
Even though the original post is over 4 years old, the tips about foreclosures still hold true in 2018.

 




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