Question Details

Lorenzo, Home Buyer in Seattle, WA

what are requirements to purchase forclosed home?

Asked by Lorenzo, Seattle, WA Mon Apr 21, 2008

Help the community by answering this question:


Hello Lorenzo,

It depends on the lender alot of times they will require 10% down and also to be qualified by there loan officers. You may also have to close with there prefered title company as well. In the case of a short sale however you submit an offer and be prepared to wait at least 30 days and in some cases up to 60 to get an anwser. If and when the lender gets back to you in a short sale situation you will get either a simple yes or no. There is no traditional negotiation. Good luck in your search!
0 votes Thank Flag Link Mon Apr 21, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer