Asked by Jill, Weston (hopefully soon) • Sat Jul 26, 2008
Hi all, great advice on other questions.
We recently relocated to Ft Lauderdale and are seeking to purchase a foreclosed home in Weston, but are new to this. So we have a number of questions...
- do we work with a traditional realtor when buying a foreclosed home or are there specialists?
- given that we're going to be financing our home and not paying cash, does that mean we generally won't be able to bid on auctioned homes (and thus should focus our attn on Lis Pendens and REO homes?)
- can we rely on the "estimated bid amount" and the remaining loan balance as good ballparks for what the homes will sell for?
Thanks very much for your advice.
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