I does a person buy a forclosed home?
Answer:
Woah that's bad grammar.Can you reform that into an understandable sentence?
read tips on real estate and investing on this site
you dont be buyin no homey girl finish da school first
For the most part, foreclosed homes sell pretty close to market value. Most of them are listed with local real estate agents as the banks and lenders don't want to be bothered with the hassle of selling them off themselves.
You can get listings of government backed foreclosures at http://www.hud.gov
If there is any savings to be had with a foreclosed home it's that the former owners sometimes trash the homes when they move out of spite for their situation. They sometimes show more than average neglect for pretty obvious reasons as well. If you can do the repairs yourself you can save a fair amount of money. If not, they may not be any kind of bargain at all after paying for professional repairs.
The answers post by the user, for information only, BAnswer.com does not guarantee the right.
Other Questions and Answers: