how long does it take to move in to a house that the bank sell you under foreclosure?

Asked by esp7929, Brooksville, FL Sat Jan 25, 2014

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Bill Eckler, Agent, Venice, FL
Sat Jan 25, 2014
Lenders cannot sell you a property until they have actually foreclose on it. Once this is done, they will take a short period of time to prepare the home for selling. Once you have closed on the transaction you should be able to move in immediately.

Bill
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Phil Rotondo, Agent, Melbourne, FL
Sat Jan 25, 2014
If you're paying cash - About 2 weeks.
Conventional Financing - 3-4 weeks.
FHA or VA Financing - About 40 days
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Tim Moore, Agent, Kitty Hawk, NC
Sat Jan 25, 2014
If the bank sells it then it is not in foreclosure, that process is over or the bank could not sell it to anyone. Only the owner can sell it and the foreclosure changed the owner to be the bank. Now it is a bank owned home and as soon as you close on it you can move in since at that time it is yours. The process is just the same as buying from a regular seller and can take 30-60 days.
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