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Community Questions: Pre-Market Purchases

Theresa asks: “Is it possible to buy a foreclosed home directly from the bank before it goes to auction?” This depends. Each bank handles properties differently but it is unlikely that a bank would ever sell a property to an individual prior to it going on market, through auction or other similar process. Banks use […]

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Community Questions: Pre-foreclosures

A reader of The Bank Foreclosure Guide site ask: “If a home is pre-foreclosure, how can we see the home, and/or make a bid on the home? I am a real estate agent that one of my regular customers has asked about. “ Basically, the answer is the only person that can agree to showing […]

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Community Question: Non-Profit Purchases

Question John asks this question.  There is a foreclosed property that appears to have been foreclosed on November 16th.   What will happen with such a property?  We are a non-profit organization working to save this neighborhood and would like to have an opportunity to buy it.  How should we proceed?  This is a general question, […]

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Real estate investor

Where are all the foreclosures?

As  real estate investors, we have been spoiled with almost a unlimited pipeline over the past decade of decent acquisition opportunities.  Most of these homes were bank owned and have suffered from neglect throughout the foreclosure process.  Easy fix-and-flip candidates as well as fix-rent properties seemed to be prevalent in many areas.   These opportunities have […]

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Community Questions: Foreclosure papers filed

QUESTION: Keith asks….I want to buy a house you have filed foreclosure papers on.  What is the procedure? ANSWER: Thanks for your question.  Unfortunately, we at The Bank Foreclosure Guide don’t foreclosure on any homes.  We are merely an information resource for people looking for information about buying foreclosed properties.  So, step one will be […]

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Community Questions: Renting a foreclosure

Can you rent a foreclosure? This depends on many factors, primarily if you already have a lease in place when the home is foreclosed. Generally, banks do not rent foreclosures. Read more about renting foreclosures in this community question.

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contract signing

Community Questions: Purchasing a home with a non traditional contract

QUESTION: I purchased a property on a simple two sentence document both signed with a witness and he would not turn the house over to me.  It took about 18 months for that to happen and when he finally took me to court, he took me to renters court .  This of course was proved […]

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Fixed Home

Repaired Foreclosures

Some banks repair their foreclosure assets prior to selling them. Not all foreclosures are in poor condition. Learn more about repaired foreclosures for sale and which banks are most likely to do the work prior to sale.

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