Asked by Nat Jones, Las Vegas, NV • Sun Sep 14, 2008
I'm unsure if I should continue looking for a home. As the heading says, I'm single, have a fair credit score, stable employment etc. I keep seeing television ads for auctions and in the neighborhood that I want to be in (Mountains Edge) I'm seeing lots of bank owned properties. I'm wondering with a low to middle score in the 600s, will I even qualify/be approved for a loan for something like a bank owned property? And one final question, how does the foreclosure and bank owned property sale work? I see home prices in the low 200s down to around 175K. How are these sold and what is asked of the buyer? Any help would be greatly appreciated. Thank you.
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