How Do You Buy Foreclosed Homes With No Money Down & No Credit?
Foreclosure properties can be a potential goldmine, even for a novice real estate investor. Since foreclosure properties are sold for well under market value, making a purchase and repairing and cleaning up the property can mean large profits on resale. While most individuals assume that purchasing property must be done with impeccable credit and a lot of investment capital, there are ways for real estate investors to make a foreclosure purchase with no money down and no credit. Locate owners of distressed properties. Distressed properties are those posted for a foreclosure sale. Foreclosure sale notices are posted at the county clerk’s office where the property is located, and are of public record. The best time to do this is after the first Tuesday of every month, which is when the last batch of foreclosure properties were sold at auction, and upcoming foreclosure sales are newly posted. Contact the lender who is going to foreclose on the property. Propose a loan assumption of the pr
