I live in Long Beach and would like to buy a forclosed house.....where do I find them at?
I'm always hearing about people buying foreclosed homes for much less than what the home is worth. I just moved to Cali from North Carolina for a new job, but I am now paying $900 a month for rent for a studio apartment. I know home prices out here are ridiculous, but I figure I could probably buy a 1-bedroom apartment or condo. So how do I find foreclosed homes or apartments??
Asked By: h-nizzle - 1/8/2008
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This was on channel 7 yesterday... More
Answered By: Muppet - 1/8/2008
Additional Answers (3)
Generally if you Google 'foreclosed homes Long Beach' you'll come up with many sites that have listings. Just because it's foreclosed does not mean you'll get a great deal. The loan fallout has created a huge glut of properties that were purchased 3-4 years ago. The loans were generally interest-only, which means their... More
Answered By: N S - 1/8/2008
Go talk to your bank, and get pointed at their REO department. Banks would much rather be lending money than trying to run property, and they will be ready to deal.
Answered By: rhsaunders - 1/8/2008
Answered By: anne c - 1/8/2008
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