Hello Marisa,
You have some great advise and the best one is to get an experienced Realtor to guide you through. Marilyn - the post below, has made an excellent point about maybe not only focusing in on just foreclosures. Consult with a Realtor - let that person in on what is really is you are trying to do. Is it a fabulous deal or do you need a project to occupy yourself with?
Also, your Realtor can help you regarding financing. Most foreclosures and REOs are sold "as is " and some loan programs require a house to be sold at a certain level.......what happens if your loan company requires repairs to be made? Your Realtor can address all these problems with you.
Jo - Mon Nov 16 2009, 11:22