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 […]
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, […]
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 […]
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.
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 […]