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What's the deal on buying homes in forclosure?

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Bellaocchi
Hope Faith Love

Member since 2/07

5694 total posts

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What's the deal on buying homes in forclosure?

I hear you can save 20-50%. Is it a huge hassle?

Posted 3/30/07 9:30 PM
 
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Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: What's the deal on buying homes in forclosure?

it depends- sometimes you can't get into the house to inspect it and it can be a mess

and there is a new law in NY that need to buy them with cash only

you can't get a mortgage

I'm not sure about other states- but if you have another one in mind- I can go ask my husband - he's a mortgage banker

Posted 3/30/07 9:34 PM
 

Bellaocchi
Hope Faith Love

Member since 2/07

5694 total posts

Name:

Re: What's the deal on buying homes in forclosure?

Thanks! I did not know this. Forget that!Chat Icon

Posted 3/30/07 10:17 PM
 
 

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