You may be aware that this house has been foreclosed; but that does not mean it is "For Sale". There is a long process that the bank has to go through before they are ready to sell a house. It could be months! This property was just foreclosed in September, so you may have a while to wait for it to come "on the market."
Perhaps we can find your family another house that IS available at this time? If you will contact me directly, I will see if I can help you.
For any buyer, there are 3 things you need to buy a house: 1) Credit score, 2) Income to debt ratio, and 3) Cash. First of all, the mortgage lender will check your FICO score to see if it meets their minimum requirements. Second, they will verify your job, and calculate your income-to-debt ratio. This will determine the maximum amount you can borrow. And, third, you will need a minimum amount of cash for the down payment. (And possibly the closing costs.)
Contact me for a free consultation, and we will guide you through the whole process. This is something I have been doing for over 33 years, and I have hundreds of satisfied clients.
Best of luck to you!
ULTRA Real Estate Services