What Happens When You Buy A Foreclosed House — Legit

In some cases, frustrated owners may have stripped the copper pipes, removed appliances, or even damaged the walls before leaving.

This is a house that didn't sell at auction and is now owned by the bank. These are listed on the MLS by real estate agents. This is the "safer" route for most people because you can use a mortgage and get a traditional inspection. 2. The "As-Is" Reality Check what happens when you buy a foreclosed house

You bid against other investors, often on the literal steps of a local courthouse. You usually have to pay in cash immediately, and you often cannot inspect the house beforehand. In some cases, frustrated owners may have stripped

Are you looking at this as a or as a place to live ? Do you plan on buying with cash or seeking a mortgage ? How much renovation experience do you (or your team) have? I can tailor the next steps based on your specific goals! This is the "safer" route for most people