how to buy a hud foreclosure: Are Foreclosures A Good Deal [Be Careful] #5
- 04/22/16 02:01 AM
Pamela MadoreKeller Williams Realty806-290-1920 Are Foreclosures A Good Deal? Many people think that a foreclosure is a great deal. That may or may not be true. Recently, there was a really good house in the Tradewinds. My client and I overbid. We were a cash buyer. We got the bid and closed in 8 days. Later I found out that there were 4 bids behind us. When HUD puts a foreclosure up for sale they have several levels of timeframes that you can place your bid. The first one is a lottery. This one is for government agencies and other silly things. The next level … (1 comments)
It is always tempting to want to buy a foreclosure. Read this carefully before you decide so you know all the rules.
THEY ARE NOT ALWAYS A GOOD DEAL
Contrary to popular belief, not all foreclosures are a good deal. As a matter of fact, some are very bad deals. You have to be very careful when deciding on whether or not to bid (make an offer). On the other hand, some are very good deals. It seems that … (1 comments)
Pamela MadoreKeller Williams Realty806-290-1920 Are Foreclosures A Good Deal? Many people think that a foreclosure is a great deal. That may or may not be true. Recently, there was a really good house in the Tradewinds. My client and I overbid. We were a cash buyer. We got the bid and closed in 8 days. Later I found out that there were 4 bids behind us. When HUD puts a foreclosure up for sale they have several levels of timeframes that you can place your bid. The first one is a lottery. This one is for government agencies and other silly things. The next level … (1 comments)
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