How To Buy A Foreclosure
The article below talks about pre-foreclosures, sheriff sales, repossessions, bidding frenzies, underestimating repair costs, and not having your financing in place. They are all important to be educated on and I am not an expert by any means on any of them other than the financing. Always make sure to talk to an expert real estate agent, inspector, real estate attorney, and mortgage professional.
I think the article could have done a better job of how they listed the above mentioned items because the very first thing you should be doing is getting your financing in place. I have been preaching about this for awhile now so I won’t get into it again but please understand how important this part of it is.