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Buying Foreclosures
Buying foreclosures in today's market requires some patience and if you are serious, a quick response time. Some properties have multiple offers in a few days. A recent waterfront home had seven offers by the second day. And no wonder. The price was equal to the land value and it was a livable home with some work.
If you are interested in submitting offers on foreclosures, you must have a lender pre-approval letter or proof of funds. For the offer to be considered it must be presentable to the lender, in other words, complete and without conditions.
Let me know what you are looking for and I'll put together an auto search so you will be notified when properties come on the market.
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