I found a townhouse I like that a realtor showed me thats in forclosure. He could rent it to me for $2k. If sold, I would have 60 days to move. It sold for $550K 3 years ago, and a recent forclosure sale(same layout) in the same development sold for 200K. Its a 3/3, 2400 sq ft, built in 2006. I'm thinking about buying it hopefully for around $200K also.
Do I need the realtor, or just go through the bank?
Anything I should be aware of besides liens or lawsuits against the property?
Any advice?
Is it a difficult or long process to buy a forclosure ?
I found a townhouse I like that a realtor showed me thats in forclosure. He could rent it to me for $2k. If sold, I would have 60 days to move. It sold for $550K 3 years ago, and a recent forclosure sale(same layout) in the same development sold for 200K. Its a 3/3, 2400 sq ft, built in 2006. I'm thinking about buying it hopefully for around $200K also.
Do I need the realtor, or just go through the bank?
Anything I should be aware of besides liens or lawsuits against the property?
Any advice?
Is it a difficult or long process to buy a forclosure ?
#housing