What Does “Pre-Foreclosure” Mean?

Meghan Henderson Home Buyer Tips Leave a Comment

There are three stages of distressed properties – short sale, Pre-Foreclosure, and Foreclosure. Before you start looking at Short Sales and Foreclosures (also referred to as bank owned homes or REOs), it’s a good idea to familiarize yourself with the stages. Each come with their own set of expectations in reference to buying and you may find one or more …

Don’t “Trick” Yourself into a Bad Foreclosure Purchase…

Meghan Henderson Home Buyer Tips Leave a Comment

…“Treat” yourself to these foreclosure tips and take the fear out of buying! Budget Carefully. Foreclosed homes often need repairs, so you need to factor that in early on. Make sure you have a solid budget. Determine what you can spend on a home without putting any extra strain on your budget. Decide how many and what kind of repairs …