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House Being Foreclosed |
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THE HOUSE I'M RENTING IS GOING ON BANKRUPTCY SALE. HOW CAN I BUY THE HOUSE OR WHO SHOULD I TALK TO. WHAT SHOULD BE MY FIRST STEP?
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The answer depends on several things -- how far the foreclosure has proceeded, whether the lender is wiling to deal at this point, and whether you are qualified financially for a mortgage loan. In your situation I'd hire my own real estate broker to investigate, or even better, a real estate lawyer. Whatever you do should be done promptly, in case there's still time to halt the foreclosure. Once it proceeds, you'd have to buy for all cash. |
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Edith
Originally published on October 17, 2007 |
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