Buying Foreclosed Homes Online

Hopefully you caught my post on the foreclosure auctions online in South Florida but if not be sure to check it out under the category of “Foreclosures.” 

Well, here are more ways to buy foreclosed homes online.  “For daring investors who are itching to get in on the foreclosure action, a Web site due to be launched this week offers what it says is an easy way to buy homes from banks–with the click of a mouse.  Rebuildus.com , operated by RebuildUS LLC of Woodland Hills, Calif., is designed to sell some of the low-end homes bought in bulk from banks by a legendary foreclosure investor, James Odell Barnes of Leesville, S.C.”

There are fees associated with doing this and the minimum purchase is 5 homes. The homes are bought “as is.” 

http://blogs.wsj.com/developments/2010/03/02/buying-foreclosed-homes-with-a-mouse-click/