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How does a person go about finding out how to purchase a house that is in foreclosure?

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March 13 - Carl Junction
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If it truly is "in the process of foreclosure" then you probably are too late. To buy it you must offer enough to pay off the loan and likely the house is not worth that much or the owner would have already sold it and paid it off.
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March 13
Contact the owner and ask if they want to sell.  Then start the process of figuring out if the home is worth what you want to pay and if you can obtain it free and clear.  The problem with buying a home that is in the process of being foreclosed is that the debt is probably greater than the value.

If the bank has already completed the foreclosure, you will have to wait until they make it available for sale.
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March 13
 
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How does a person go about finding out how to purchase a house that is in foreclosure?
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March 13 | 2 answers
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