How to Qualify for Foreclosed Homes

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How to Qualify for Foreclosed Homes – This is a place for the community to provide tips and advice on How to Qualify for Foreclosed Homes. This topic was created by Daniel Flamberg and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - How Do I Get Prequalified to Buy a Foreclosure?

Published: 9 years, 1 month(s) ago | Submitted by almyers 76 | permalink

A loan pre-qualification is not a commitment from a lender to provide you with a mortgage loan. Only the underwriter can make that commitment after you have applied for the loan. A pre-qualification ...

For further reading: http://homeguides.sfgate.com/prequalified-buy-foreclosure-8994.html ^[1]

Tip 2 - The Top 6 Mistakes of Foreclosed-Home Buying

Published: 9 years, 1 month(s) ago | Submitted by Gary Pena | permalink

Experts outline common pitfalls to avoid when attempting to purchase foreclosed property.
Tags: housing market,foreclosures,housing,Luke Mullins,real estate,Wall Street crisis

For further reading: http://money.usnews.com/money/personal-finance/real-estate/articles/2008/11/06/the-top-6-mistakes-of-foreclosed-home-buying ^[2]

Tip 3 - How to Qualify for Foreclosed Homes | eHow

Published: 9 years, 1 month(s) ago | Submitted by Kate Maul | permalink

Buying a foreclosed home could be a great deal, according to USA Today. However, keep in mind more than just the price of the home when considering this route. Very often, the foreclosed home will need extensive repairs, which is not only expensive, it is inconvenient. You need to be willing to live in the home during repairs or have another place...

For further reading: http://www.ehow.com/how_5833617_qualify-foreclosed-homes.html ^[3]