Depending on the lender, the process can vary. It's best to work with an agent that is experienced in working with buyer's to purchase foreclosures. You can search right here on Trulia for an agent that can assist you.
Have you read about the great bargins available to those who find the righr foreclosed home?
The are there and avaialable for those who are decisively positioned to take advantage of these opportunities. Unfortuneately, your request for 'step-by-step' directions can not be provided.
Each bank has their own resources and protocols THAT MUST BE FOLLOWED! Failure to do so results in the purchase offer being ignored, in essence, the response will be absolute silence. For many, absolute silence is the most distressing of situations even when one rants and shouts at the top of their lungs.
What and how can be determined ONLY by identifying the propety in which you have interest.
What and how will be of little importance if you are not strategicly prepared to COMPETE!
What and how will be of little significance if you are hesitant or indecisive.
What and how will be ineffective if your actions are dictated by desire rather than the data.
You would be well advised to CALL a NJ Realtor(r) and arrange a meet-up. At that time the environment of foreclosure real estate can be extracted from what amounts to urban legends often read about. Secondly, your Realtor (r) can guide you in being strategicly positioned to exploit a foreclusre situation when the right house shows up on your radar.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Grou[
Palm Harbor, FL
Serious people call.
Really serious people need reliable, comprehensive data.