Have financing in order. You must have your pre-approval letter from your mortgage broker or financial institution when contemplating buying a foreclosure. Your offer will not be considered without it. Also, the delay caused by not having it could cause you to lose the deal. Use a buyer agent that has experience dealing with foreclosures. Pick a good real estate agent that has experience buying foreclosures. An agent will be able to help you negotiate with the seller and provide you with invaluable information about neighborhood values … (0 comments)
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