brett@ucla-cs.UUCP (05/08/85)
I've heard buying foreclosesures may be a way to finance a house you
couldnt otherwise afford. Does anyone in net-land have info on this?
Do you just go shopping bank to bank for one? I was curious.
--
Brett Fleisch
University of California Los Angeles
3804 Boelter Hall
Los Angeles, CA 90024
Phone: (213) 825-2756, (213) 474-5317
brett@ucla-cs.ARPA or
...!{cepu, ihnp4, trwspp, ucbvax}!ucla-cs!brett
-------------------------------------------------------------------------merrill@raja.DEC (Rick Merrill, Fonts Manager, Hardcopy Engineering, 3-3751) (05/14/85)
Note that forclosure sales May be cheap, but probably not due to the informed participation by real estate agencies and private parties. If you do find a forclosure auction that sounds cheap, BEWARE, there is probably RISK involved: forclosure auctions in some states do NOT include the TITLE! Yes, in some states the bank can forclose, auction the house to you, and you may have to fight the owner for the title! You even stand a good chance of loosing if the title is, for example, tied up in probate! I am not now nor have I ever been a financial advisor,Rick Merrill