Hi Dotron,
It sounds like you are asking all of the right questions during this process. It sounds like there may be a few different options for you to purchase a home with the little finance info you provided. Buying a foreclosure would be one of those options, if it is priced well. Is the price firm? No, not necessarily. It all depends on what the Bank has set up as their "Market Strategy.” I am actually employed by a few major banks to sell their foreclosures and I would love to talk to you about how to tell if the listing price is firm or not. Give me a quick call at 714-270-2424 when you have a sec, and I will see if I can answer your questions and give you some incite into this crazy market.
Aaron - Tue Jul 28 2009, 11:19