Will you lend on a foreclosure property? Alli Parkinson
Foreclosure properties don't scare us one bit, but there are some additional considerations to keep in mind when considering purchasing a foreclosure property. Foreclosure is both a process and an event, so you do need to be aware of where in the process the property is, or if the event has already occurred. You also want to know who you'll be dealing with as the seller (the property owner, the bank or REO department), if the property is currently occupied, as well as the fact that there may be significant rehab needed.
Check out our YouTube videos: The Risks of Buying a Foreclosed Property, Is It a Good Idea To Buy a Foreclosed Home, Foreclosure Home Purchase Process, How To Flip Foreclosed Houses, How Do You Buy REO Properties?, Become An Insider with Bank-Owned Homes, Questions To Ask When Buying A Foreclosure
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