Buying a foreclosure?

What are the pros and cons and how long does the process take?

What around a short sale? I've hear they're anything but short!

Renting an apartment: What are you expenses?



Answers:   Foreclosures listed by a Realtor - adjectives offers are reviewed by the lender and one is permitted. It could take weeks for an answer. But some lenders are germ to notice how rapidly they can get rid of these homes, if they look at offer as they come in. Downside is condition surrounded by most cases.

Short sales - are typically nominated by a Realtor as well. The submit process can take awhile, but again it is on a winning streak. No real downside, you typically bring back a property in pretty honourable condition in most cases. You may not know how to steal it price wise, but you bring a good treaty and the neighbors get a angelic deal.

I have one buyer intent on buying a foreclosure, so I took her around to the very worst ones... She bought a short mart!

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