Buying a foreclosed home
Im not trying to buy and sell properties like all of these get rich quick real estate plans. Im interested in buying a house for myself that has been foreclosed.
But I see that its a tricky subject with many rules applied. So I am wondering if anyone has any advice on how to do this. I recently found 2 homes that I like very much that are Lis Pendens and Im keeping an eye out for them.
After they foreclose, I contact the loan holder, then what? I have no ideas as far as what to expect.
Do I need to buy something to view information about the home, or is this information free, but sold to those who dont know how to gain access to it.
Do I buy the house linke a normal house, or do I go to a physical auction to buy it?
I really have no idea how they work. As keen as I am with investing, this is something I'm very lost on.
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