kmp882002@yahoo.com (Naya) wrote in news:1294e9a1.0410210929.56f7b176
@posting.google.com:
> Im a first time buyer looking to buy a home, condo or a townhouse.
> Im interested in looking into foreclosed properties. I did a lot of
> search on the web, but all the sites require membership. Can someone
> please advise where I can get free & accurate listing/information.
A local realtor who specializes in this kind of thing.
> Is
> buying a foreclosed home/condo/townshouse a good idea?
>
It can be. But there are a few things you need to know.
1st) Think about why a house would be in forclosure. If
the owner had any equity in the property, and was smart,
he will sell the proerty to protect his equity before
he falls so far behind in payments.
These forclosures tend to be mortgaged to the hilt.
2nd) The houses are sold as-is. There will be no repairs
or cleaning to the house prior to the sale. These houses
are not move-in ready. In many cases you will need to
spend some time and money to fixup and clean up the house.
You will definitly need some ready cash to do this.
3rd) there is no seler help with closing costs.
> Thanks in advance.
No problem
--
Just my $0.02 worth. Hope it helps
Gordon Reeder
greeder
at: myself.com
Where is George Bush leading this country
and what are we doing in this hand basket??
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Posted: 2004-10-23 05:15:48
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