need advice about buying a forclosure in Florida
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2011 Nov 3, 6:18am 1,079 views 2 comments
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elliemae
2011 Nov 3, 6:36am
elliemae
2011 Nov 3, 6:36am
The realtor can't rent it unless he's been hired by the bank or whomever owns it. If you're buying a foreclosure, the bank probably has an agent who is representing them. Your option is either to get a RE lawyer or an agent to represent you, as you sound like you've no experience with the process.
A title company will do the checking out if there's any liens.
IMHO, condos/townhouses aren't the best idea; HOA fees are unpredictable, not to mention the rules. But that's just me.
Hello
I found a townhouse I liked that is in forclosure. An agent is trying to rent it too me for $2300, but will take $2000. The same TH layout in forclosure in the same community went for $200K last month. At the height, the TH I'm looking at sold for 525K. After looking at it, (2300sq ft , 3/3 Granite, real hard wood floors, 2 car garage) it would need about 5K in cosmetics to look nice.
Do I need the realtor to buy it? or contact the bank?
I know I need to look if it has any liens?
Any advice would be great?
#housing