How To Make An Offer For Fannie Mae Foreclosures
Once the realm of only seasoned real estate investors, the interest in purchasing foreclosed properties has fanned out to a growing number of ordinary home buyers. You will need to get the lender on board when it comes to having your offer to buy the pre-foreclosure property accepted. Brandon Turner, Real Estate Investor and Vice President of Growth at , suggests finding an agent who specializes in foreclosures because the seller usually pays the agent’s commission.
Home inspections on foreclosed properties may be required for certain types of financing; speak with a home mortgage consultant for additional information. Get information on properties being sold as a result of a Foreclosure Process and bid on those properties.
Bank-owned homes are in the thick of foreclosure, meaning the homeowner has stopped making payments. If you’re a potential buyer, you end up buying the property from a bank or a government organization rather …