Advice on buying a foreclosure home
A home we were very interested in a few years back has come on the
market again, this time in the form of a foreclosure. The foreclosure
sale is scheduled for 5/22 but how do you go about buying such a home,
can I expect a reduced price due to said foreclosure....
Any info about buying a foreclosure home would be greatly appreciated.
We bought the house next door in a HUD forclosure about twelve years
ago. At the auction, another person outbid us, but was unable to get a
mortgage. HUD called us and asked if we wanted to buy it at the auction
price. We said no, got a real estate agent and haggled a bit, and got it
for 25% less than we bid at the auction.