Advice on buying a Foreclosure Property
Hey Bigger Pockets my first time posting on here instead of just reading the forum so that's exciting. I need Foreclosure buying advice. I am interested in buying a Foreclosure Property soon and have read about the process a good amount but would really love to have someone to talk with experience in the Foreclosure process who really knows what I have to watch out for. My goal would be to buy it cheap, live in it, fix it up myself, and then eventually rent it out. This would be my first property. I live and am looking in the Raleigh/Durham Area. Thanks guys! Have a good one.
Most Popular Reply
Hi Nicole.
For the most part the foreclosure process is straight forward, however let me ask first.... is the property your looking at currently in the foreclosure process? Or has it been foreclosed and now bank owned? Or is it due for auction and you looking to purchase it at auction?
The scenario’s are very different which is why I️ ask.
John