Mar
31
Interested in buying a house that is being foreclosed?
I would like to buy a house as inexpensively as possible for my fiance and myself. We are only 20 and 23 years old. I have been looking at foreclosures through Yahoo Real Estate. If the properties are listed at a price but it seem really low… (less than $50, 000) is the the full price? And what if the property staus is “notice of default”? What does that mean?
You need to be careful, I have seen some there listing the second on there, which is the bank foreclosing, but the first is also due. I looked up one for 15k for someone here. The real sales prices 715k.
Almosst everything for sale now is foreclosed or in pre-foreclosure. I recommend that you have a real estate agent help you, they are listed in the MLS and not hard to find.
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