I would answer this a little differently. I sell many foreclosed homes that need many repairs, but that is apparent when you view these homes. Others may need very little if any work at all. I sell many homes that are in move in ready condition as bank owned homes. A home inspection is always recommended when buying any home, but especially a bank owned due to the lack of a seller's disclosure. International customers purchase foreclosures all the time, via cash or financing. You often can get a great deal in price if the home does need repairs, and you are willing to take on that work in exchange for the lower price. Normally the repairs needed are general cosmetics, flooring, paint, appliances, and minor upgrades. Good luck on your home search!... more
I think you are talking about a home that is in pre-foreclosure. If that is true, the tentative sale date is the date that has been scheduled for the sheriff's sale. This date is tentatively scheduled because the owner of the property can bring his payments current, sell the property, etc before that date and the sale will be cancelled.
Hope that helps.... more