I've been looking through foreclosed properties and was wondering where I could get more information on how
the process works when buying foreclosures.
There is a property listed as REO at about a eighth of the value of surrounding homes. Does this go up for bid at this point? Do banks finance these types of properties? The property is in Illinois, if that makes a difference.
Answers (1)
FIRST ANSWER
Debbie, You might take a look here, it has the foreclosure laws for each state and general info on the foreclosure process. It's a good place to start and it's free with many articles, reports, and links to other sites with information...
http://www.foreclosureuniversity.com/studycenter/foreclosurelaws/
Others will most likely help you also....Best of luck, Dunes
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