Posted by George P. However, foreclosures don't work as you think or After you pay all that money, you certainly won't Obviously, if seller had no money to pay monthly payments, therefore he had no money for the upkeep of the house. However, once it is in lawyers' hands and that's exactly what any foreclosure means, the chances TOO LATE, when the property is in foreclosure. But if you can qualify, why would you buy foreclosures? George P.
on 11/23/2003, 12:42 pm, in reply to "how to tell if a loan is an FHA loan."
24.49.233.190
You can tell what kind of loan is on property if
read the deed-either seller lets you see it or in
the courthouse, it is a public information.
The deed will reveal the type of loan and its conditions.
as you falsely learned from some other "gurus".
Yes, you could possibly get foreclosures, if you
paid all back payments,all additional interest,
all additional lender's and attorney's fees.
make money on a house that most likely needs few
thousands for repairs, more money for fixing the landscapping,etc.etc.
of buying the property using any alternative or
creative financing, are just about zero.
And don't think that you can assume any loan.That
became impossible on loans created after 1990.
Of course if you can qualify for the loan, yes,
then you can assume it.
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