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Pre-Foreclosure pros cons, please
Posted: Sat Jun 10, 2006 6:19 am
by Accountable
My beloved & I are considering buying a pre-foreclosure house, a house that the owner can't pay for but the bank hasn't taken yet. We've looked online & there is plenty of general advice -- very informative.
Has anybody done this? Any advice?
Pre-Foreclosure pros cons, please
Posted: Sat Jun 10, 2006 6:34 am
by sunny104
I'd like to know too!
Pre-Foreclosure pros cons, please
Posted: Mon Jun 12, 2006 7:23 pm
by Accountable
sunny104 wrote: I'd like to know too!
My beloved found this:
http://www.all-foreclosure.com/
Pre-Foreclosure pros cons, please
Posted: Mon Jun 12, 2006 10:49 pm
by nvalleyvee
The house I bought was on foreclosure.
I bought it for 90,000. Put 125,000. into it and its worth 410,000. today. Look into the area.......look into what money you have to put into the house...............very IMPORTANT...................what do you have to invest in the house to get a 33% return. If you cannot...rethink it.
Pre-Foreclosure pros cons, please
Posted: Tue Jun 13, 2006 3:08 am
by Accountable
How much access did you have to the house before you bought it? Walk-thrus, inspections, etc. Did you use a realtor?
Pre-Foreclosure pros cons, please
Posted: Tue Jun 13, 2006 11:20 am
by sunny104
Accountable wrote: My beloved found this:
http://www.all-foreclosure.com/
Thanks! :-6