Quantcast

real estate question

Makeuptalk.com - Makeup forums and reviews

Help Support Makeuptalk.com - Makeup forums and reviews:

Joined
Jan 20, 2004
Messages
1,124
Reaction score
0
Is buying a house that was forclosed on different from purchasing any other house??Looking at forclosure properties in Cali and while some are a great deals it seems maybe to good to be true.

 

Geek2

Administrator
Admin
Joined
Sep 27, 2003
Messages
11,114
Reaction score
4,213
It's not really different. The reason why foreclosure properties are usually good deals is because a bank wants to get rid of them ASAP. Also some of them might not be as good of condition as some other houses might be. Foreclosure properties are worth checking into. If you get a realtor involved he or she will be able to help you go through the purchase process on a foreclosure property. Sometimes the bank might not be as flexible as a seller as an individual would be but all real estate transactions are different so it's really hard to say what's going to happen.

 
Joined
Feb 17, 2004
Messages
1,992
Reaction score
1
Originally Posted by Reija(admin) It's not really different. The reason why foreclosure properties are usually good deals is because a bank wants to get rid of them ASAP. Also some of them might not be as good of condition as some other houses might be. Foreclosure properties are worth checking into. If you get a realtor involved he or she will be able to help you go through the purchase process on a foreclosure property. Sometimes the bank might not be as flexible as a seller as an individual would be but all real estate transactions are different so it's really hard to say what's going to happen.
Handy info!
 
Joined
Oct 22, 2003
Messages
22,667
Reaction score
441
Location
Huntington Beach, CA
Reija has her degrees in Finance! You go girl! Let me tell you, she is a WEALTH of knowledge on mortgages/loans etc.





Originally Posted by allisong

Is buying a house that was forclosed on different from purchasing any other house??Looking at forclosure properties in Cali and while some are a great deals it seems maybe to good to be true.



 
Joined
Jan 20, 2004
Messages
1,124
Reaction score
0
Originally Posted by Reija(admin) It's not really different. The reason why foreclosure properties are usually good deals is because a bank wants to get rid of them ASAP. Also some of them might not be as good of condition as some other houses might be. Foreclosure properties are worth checking into. If you get a realtor involved he or she will be able to help you go through the purchase process on a foreclosure property. Sometimes the bank might not be as flexible as a seller as an individual would be but all real estate transactions are different so it's really hard to say what's going to happen. Reija when you said a bank might mot be as flexible..What were you referring to??
 
Joined
Oct 22, 2003
Messages
22,667
Reaction score
441
Location
Huntington Beach, CA
I know what she meant. She means in a PRIVATE PARTY deal instead of the bank owning the property, an in dividual owns it and thier flexibility is usually more than banks





Originally Posted by allisong

Reija when you said a bank might mot be as flexible..What were you referring to??



 
Joined
Jan 20, 2004
Messages
1,124
Reaction score
0
Originally Posted by Tony(admin) I know what she meant. She means in a PRIVATE PARTY deal instead of the bank owning the property, an in dividual owns it and thier flexibility is usually more than banks In what ways are private parties more flexible??As far as offers?How much down?
 

Latest posts

Top