Once you have a pre-approval or DU approval, you can go out shopping and looking at homes of your choice and submit offers on homes of your interest. It is a fairly tough market out there as there is low inventory and prices are rising. The rates are at record rates so it is time to buy now.
CHF Access half percent down brochure, pdf
Sheryl Arndt, standard needs list checked, pdf
Why Rent brochure
CHF Access income limits http://tinyurl.com/8lzf8he
Sheryl Arndt, Broker â€“ Loan Officer
Exactly what are you trying to do? You have asked a series of vague questions that seems that you want to apply to a specific situation. Why not just explain what you're trying to do and maybe we can help? You REALLY sound like you need to hire a REALTOR Â®
Joe Stone - Realtor Â®
Exclusive Homes Realty
I am an expert in short sales, time lines, when this & how that.
I would be happy to talk to you about this some more, I don't look back on this same Trulia posting for answers after mine.
Emily S. Knell
Realtor Since 1996
Realty ONE Group
100% short sale success ratio
& I can Prove it
To buy at an AUCTION; the Trustee Sale, you will need to bring all CASH; are you prepared to do that?
The houses at the Trustee Sales usually go back to the Bank, as they offer the amount of the LOAN, which is more than you would offer.
To buy at a private AUCTION; you would need to be very, very careful; usually you do not know what you are buying, do not have the opportunity to inspect, do not know about any LIENS, and basically have no protections.
To buy a FORECLOSED house, you would need to have a Buyer's Agent, to help and protect you: The Banks are so careful about this, that they are paying that Agent's commission for you.
Good luck and may God bless