Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Buying Foreclosures-It Isn’t as Scary As You Might Think
Buyers who are considering purchasing a foreclosure property in Northern Virginia are often led to believe that the process is a complete nightmare.  In reality the process has a number of the same steps as buying any other property in the area.  The biggest difference is the bank addendums and your rights regarding inspections.It is okay to have questions, lots of questions, about buying a foreclosure.  When you start the process of buying a foreclosure keep a running list of the questions you have.  Read an article in the paper and you don't know what it means, write it down.   Has a friend told you buying a foreclosure is a bad idea?  Write down why they think so.  When you meet with your agent for the first time bring the list of questions and walk through them.  Make sure you are comfortable with the answers and that the agent understands the foreclosure buying process
Just as with any home purchase one of the key pieces of the puzzle is to talk to a lender about your qualifications for a loan and your comfort level with not only the payments but your reserves for maintenance and emergencies.  Today's lending market is very ... more

__________________________________________________
Are you on The Rain? Grow Your Network!