General Foreclosure Questions
I am doing a seach and have found an abundance of homes that are in foreclosure. Some have been listed for the better part of 60 days.
I maybe interested in some of the properties as a long term investment. My questions are:
How do I find out why the homes are being foreclosed? Many are listed with RE agencies.
What else should I be checking for when looking at a foreclosed home that is occupied and/or non occupied?
Thanks
If an RE is listing it the bank has already FC. The RE was contacted to list and sell it. If there is someone still in the house then the FC may not be complete yet. Your question of WHY they Foreclosed??? They didnt pay.. Why would it matter to you I guess is my question back.?
If you have a county that post future ( Sheriff sale) sales then there is what is nice to look at because if they ( the owner) are not in BK you can offer the buy out.
Brad