Zillow Advice: Buying Foreclosures - What will i have do do if a home has just entered forecloser and I wnat to buy it?

If by entered foreclosure ...

Wed, 15 Apr 2009 16:34:00 GMT

If by entered foreclosure you mean a notice of default has been filed against the owner, one thing you could do is to contact the owner and see if they'd be willing to sell it to you. If they owe more on it than what its worth, consider hiring a short sale negotiator, or a short sale specialist real estate agent to help get the sale approved by the bank. The bank will wind up paying the commission for these professionals anyway.

One thing to consider, when dealing with homeowners in foreclosure in California, there are some homeowner protection laws you need to be aware of. Here's a link to them:

California Civil Code 1695

anti flipping? what are you ...

Wed, 15 Apr 2009 10:10:00 GMT

anti flipping? what are you going on about. he wants to BUY the foreclosure.

you have to wait for it to be listed, unless you want to talk to the bank about the short sale...

just a note it will probably not be on the market until may

Have an agent set it up on ...

Wed, 15 Apr 2009 06:25:00 GMT

Have an agent set it up on a notifier so that when it comes available, you are instantly notified. There will ba a couple weeks for it to go through its process.

Are you paying cash or getting a loan? If you are getting a loan, you may have to wait 90 days for anti flipping.