I love that Mr. CUNY Law School thinks that BUYING A HOME IS A CONSTITUTIONAL RIGHT....what a joke you are . Buying a home is NOT a constitutional right - and the belief of such is a HUGE reason we are all in this predicament we now find ourselves in.

Give me a call at (718) 698-2179 at Prosperity Real Estate Group, We are on Richmond ave as well, I can help you answer any questions you may have, this is not commitment to come with us. YOu can come and inquire about this even if you are already working with someone. Buying a properity is a constitutional right, and we are here to make sure you are not provided with erroneous information.

My Name is Caesar Galindo Office manager, and Law Student at CUNY Law School.

Perfect credit but short on money? Most of the foreclosures I've seen need a lot of work, so you'll need funds to fix the place up. Also, keep in mind that most of the properties in Midland Beach are in a flood zone, and thus require flood insurance, which can be costly.

Kathy,

Be Careful! Just because a home is in foreclosure it does not necessarily mean you are getting a good deal. I closed on a handful of shortsales (pre-foreclosures) last month, some of which came in under market value, and some which didn't. Pick an area, do your homework, and shop for price. Contact me if you would like to here some more tips on buying foreclosures.

The question is are you planning to occupy the home or is this for an investment? Lenders have tightened credit considerably for mortgages. If you plan on being an owner occupant and have flawless credit and provable stable income you can probably get away with about 5% down. If it’s an investment property you will likely need somewhere in the 15-20% down. However if you are that interested its no harm to attempt to qualify. I you need help let me know.