Are there homes that are in foreclosure (looking for something 50,000 and under) that you dont need to pay in full?

Asked by lilntomsmom, Bolingbrook, IL Wed Apr 17, 2013

My credit sucks, I have a willing co-signer, but neither of us have that kind of cash, so I'm trying to find out if there are foreclosed homes that you dont have to pay in full up front

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Geoff Ommen, Agent, Barrington, IL
Wed Apr 17, 2013
Generally speaking no. Foreclosure homes in that price/condition rarely qualify for a loan. You need to speak with a mortgage broker to understand what your best opportunities are for home ownership.

Geoff Ommen
Broker Baird & Warner
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