I need advice on purchasing a residential foreclosure?

Question

I really want to buy a distressed/foreclosed property in southern california, what is the best way to find the good deals? Anybody?

Answer 1

Realtors can get you listings of for closed properties,

careful though, it may sound like "the deal of a lifetime"

but the work needed to bring the place up to code or even livable to get a good resale value may exceed the actual value. I can get you prequalified for financing if youd like

im liceneced to work in California.

Please feel free to call toll free 1-866-242-6689 ext 5002

its free.

ask for me, my name is Jennifer

Answer 2

Call your local Realtor and ask to talk to an agent with distressed/foreclosure property experience.Ask him or her what precausions you should look out for.The housing market is in a slight down turn and looks as though it may rebound soon.In this market I would offer a lot less for a house because no one really knows witch direction it will go.