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Foreclosure in Woodside : Real Estate Advice

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  • Local Info2
  • Home Buying8
  • Home Selling1
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Mon Aug 8, 2011
John E. Miller answered:
Locate a agent with listings for that area. You have many options of homes homes to look at, even if your a renter or buyer. If your buying try to see if you can get a foreclosure and come up on a good deal. An agent will help you along the way. ... more
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Sun May 30, 2010
Athena Chilicas Saldanha answered:
Hi Bev,
As a Certified Foreclosure Specialist, that answer may be simple; however, given the ever changing Lending requirements, the answer is that it depends upon the condition of the home.

If the home qualifies for a loan, then as a buyer you can look at conventional loans of 20-25% down payment or even FHA (again the home must qualify). Also, the Seller (in most cases it is a Lender or a third party representing the Lender and Investor will only look at qualified Lenders such as BofA, Wells Fargo, Credit Unions and may reject mortgage brokers unless the Mortgage broker can provide the pre-approval from the actual lender being a BofA, etc.

If the home simply does not qualify for a loan, then the purchase would have to be cash.

Great Question! Kindly, Athena
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Foreclosure in Popular Woodside Neighborhoods

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