Saturday, April 4th, 2009

How do I buy foreclosures directly from the government?

Foreclosures
Bret asked:


Do you have to be a real estate broker or agent (and have brokerage license) in order to buy directly from the government? What prices can I expect on foreclosures in our declining economy? I don’t want to pay anything higher than expected in our current economy. Where can I obtain the foreclosure listings and other info for free? Please direct me to a proper website that explains all this. Thanks.

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5 Responses to “How do I buy foreclosures directly from the government?”

RU Quazee Says:
April 6th, 2009 at 1:29 am

Bring cash!

Rick Says:
April 8th, 2009 at 3:30 pm

Keep checking foreclosure website, there’s a fee most of them.

Move on Says:
April 9th, 2009 at 8:23 pm

A small percentage of the foreclosures are gov. owned and actually that would be by the federal housing association. Most foreclosures are bank owned. Contacting banks will give you information on foreclosures and short-sales.

RKA Says:
April 10th, 2009 at 7:32 pm

You have to have a Realtor. Prices are based on current market value, usually based on taxes or a Current Market Analysis. Be careful of your web searches, get a reference from someone you trust. A lot of vultures out there right now, even at good prices today, you could still get stiffed.

Jose M Says:
April 11th, 2009 at 5:02 am

ask ur mom.

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