Emily, getting pre-approved by a local mortgage lender is definitely your first step. I would go meet with a lender that you may already know & trust. If you don't have one, I personally would recommend working with a lender that is with a locally owned bank. A mortgage officer will be able to tell you if you qualify for a loan, how much of a loan, & if you don't qualify, they should give you tips on how to get to that point.
Another option is that you could find someone looking to rent-to-own. However, there are both good & bad qualities with this option. If you have any questions or would like to just talk about your options, feel free to contact me anytime.
Have a great day Emily!
RE/MAX Real Estate Concepts
Foreclosure sites that charge for the list or offer free information often have missing or incorrect information associated with them. Some of them post crazy low prices that are not correct just to suck you into their site.... more
Sometimes buyers can make a good purchase in this way. One needs to be well-informed though to inspect the property, investigate possible problems, know the area, and current market values before yidou become emotionally involved in the excitement and overbid. In addition, you need to learn the local laws on original owner reinstatment. The time frame can vary and extend even AFTER you have closed on the purchase. Good luck to you!... more
My home was with Lehman and they foreclosed.We had two different short sale offers the 1st one they denied. They ordered 3 BPO's on the property. The second offer was higher. They assured me the sale would be post poned. I went