Elizabeth Warren Bought Foreclosed Homes To Make A Quick Profit

Want get a great deal and buy a foreclosed home? You can purchase the property from the bank through a real estate agent once the property has been listed. You can look for the best interest rate by searching Bankrate’s mortgage rate tables , then contact the lender to get pre-approved. There’s usually good reason many foreclosed houses languish with no buyers.

You will want to submit a fair and reasonable offer, as most banks will list properties at a fair price. The underpriced properties get a ton of activity and go quickly, but you can really get a better deal on an overpriced property,” he says. Buying with cash is the surest way to secure a property, but that’s not an option for most homebuyers.foreclosed homes

While the idea of buying homes cheap sounds great, you must be sure that you are fully aware your involvement in the situation, and …