Foreclosure in Brooklyn>Question Details

Trulia Brook…, Other/Just Looking in Brooklyn, NY

How much quicker would it be to buy a foreclosure with cash versus obtaining a mortgage?

Asked by Trulia Brooklyn, Brooklyn, NY Mon May 20, 2013

Help the community by answering this question:

Answers

1
Absolutely! Cash is king...in any transaction, whether foreclosure, short sale, etc. Also there's no waiting when it comes to cash. You'll have to wait for a bank to give you a pre-approval letter before they'll give you a mortgage, which could take awhile.
1 vote Thank Flag Link Mon May 20, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer