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    DDunk's Avatar
    DDunk Posts: 2, Reputation: 1
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    #1

    Feb 8, 2007, 06:30 PM
    How can I acquire foreclosure property with no money down.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Feb 8, 2007, 07:31 PM
    Please do not ask a question in answer to someone else's, This is the reason you were not getting any answers most likely.

    I have moved your question to a new post of its own.

    Your best bet is to find the foreclousure property before it is foreclosed and offer the owner of that property the loan amount to buy it. You either get the current lender to finance you or get a new loan.

    Buying houses with little or no money down is not hard at all ifyou have great credit, just find houses that have been on the market for a long time where owners may be willing to accept less than loan value of the home.

    Foreclosure property does not normally sell for low prices like you see on TV, most sell back to the bank for the loan amount, so you have to bid on them at auction and have a line of credit at the bank ( or cash in the bank) to pay for them at the day of the sale normally

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