Home Buying in Anniston>Question Details

Fleece, Home Buyer in Anniston, AL

How do you buy foreclosed property if you don't have the cash in hand, but are pre-approved for a loan?

Asked by Fleece, Anniston, AL Fri Jul 17, 2009

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you need to have a local agent to guide you through the process.
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0 votes Thank Flag Link Fri Mar 4, 2011
If the Property will pass the appraisal you should be able to get the loan and buy the property. The Problem comes when the property is un acceptable to your lender. However you can do a FHA REHAB loan for damaged property.
0 votes Thank Flag Link Fri Jul 17, 2009
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