Foreclosed Homes ( Good or Bad Idea)

[Zack Williams]

are foreclosed homes a good investment? and will lenders give a loan on foreclosed homes or do you need all cash? 

[Jonathan Greene]

If you have cash and experience, they can be a great idea. If you don't have cash and/or don't have experience buying sight unseen, doing ARV analysis, understanding the block dynamics and appreciation in the area, they are always a bad idea. There are some REO deals that can be financed, but most all foreclosure options, from courthouse steps to auction sites, will be won by cash deals with quicker closings.