Property Q&A in Los Angeles>Question Details

Jaclyn, Other/Just Looking in 90065

Are foreclosures only available at auction? With 20% down and an avg. credit score, how much monthly payments?

Asked by Jaclyn, 90065 Sat Feb 21, 2009

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This question is about this property: http://www.trulia.com/foreclosure/2003514187--Crane-Blvd-Los…

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Jaclyn,

On Auctions where they wlll allow financing you can buy with less than 20%.

FYI - though, the property you are looking at is not the sale price.

If you need more info. or questions regarding financing let me know and good luck to you.
0 votes Thank Flag Link Sat Feb 21, 2009
GREAT QUESTION

Monthly payments are based on number of things involved.
a) Purchase price of home
b) Amount of downpayment
c) Interest rates
d) Term of loan - number of years 15 , 30 years?
e) Taxes if escrowed
f) Insurance payment if escrowed

Foreclosures are not all purchase at auction, majority are offered via professional real estate agents.

RULE OF THUMB: Never purchase a home direct from following:
Bank, builder, listing agent, seller (FSBO)

Have your own buyers agent who represents you.

Dallas Real Estate Agent – Lynn911
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Sat Feb 21, 2009
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