Normally you have 30 days to pay for a foreclosureproperty. I think it would be difficult to get a loan on a property you do not have title to. Additionally when you buy one of these you don't go to a normal closing, you just give them the check.
The bottom line is you need to have cash to complete the purchase. If you can get a loan or HELOC that would work, but you still must complete the transaction in cash.
It depends, please give us a more specific question.
Normally you have 30 days to pay for a foreclosure property. I think it would be difficult to get a loan on a property you do not have title to. Additionally when you buy one of these you don't go to a normal closing, you just give them the check.
The bottom line is you need to have cash to complete the purchase. If you can get a loan or HELOC that would work, but you still must complete the transaction in cash.
telemon,
That depends on the state. Here you need to buy with cash at the sale. There is no 30 period.
-Ed
I am in Arkansas! I don't have money but I have the desire! I would like to try to do it by my self if possible but may need to find a backer.