It depends on what you negotiate. Typically, most sellers will agree to pay the prorated taxes and utilities; however, some banks include provisions in their addenda that require the buyer to pay them. I agree with Lenny and John: you'll need to thoroughly review the contract before signing it. It's probably good idea for you to work with an agent who specializes in (pre-)foreclosures/REOs, and it's also a good idea for you to have a real-estate attorney review it if you still have any unanswered questions.... more
Probably/perhaps; but it's not currently listed on the MLS, so it isn't yet available for sale.
How did you find it? Did you see a sticker on the window or see it on a website with a recorded sale?... more