Thank you for your interest in buying a foreclosed home in Jacksonville. I agree with the answers below. No matter what kind of home you are interested in buying the first steps are a pre-approval letter and deposit. I recommend that you contact our preferred mortgage broker.
2950 Halcyon Lane, Suite 704
Jacksonville, Fl 32223
Atlantic Trust Mortgage NMLS# 239592
Eric can put a plan together to help you get into a home as soon as possible. Our team would love to help you find a home. Our Buyer's Specialist is Mike Walsh. This is his contact information 904-201-9624 or email@example.com . He is happy to answer any questions you may have. Please contact these gentlemen at your earliest convenience. We look forward to working with you!
The Paige Wajsman Team
The agent you select should be familiar with different foreclosed property types, HUD, VA, Fannie Mae, Freddie Mac and various banks via asset managers. Each bank has different requirements for the REALTORS .
If you need a loan to purchase, take the relatively small amount of time to get pre approved or if you have an address and sales price you can even go thru the steps it takes to actually obtain a conditional Loan Commitment. This will make you the next best thing to a cash buyer. .
Then deposit at least 5% of the estimated sales price in title attorney or realtor's escrow account to obtain an Escrow Letter. .
Then, with a Loan Commitment Letter and Escrow Letter you'll be loaded for bear!
Now, if you want to start bidding in auctions it is more complicated and has extra fees, and few agents will want part of it because they pay very little to the agent. Stay away from those if possible. Was this answer helpful? If so please click on "best answer" or on the "green thumbs up".