foreclosure Northwest Indiana Archives

10 way to stop foreclosure

How to Finance a Foreclosed House

Donald Torrence | October 13, 2020

Can You Finance a Foreclosed Home? At Home Finder, we’re frequently asked, “Can I finance a foreclosure?” That’s a good question! According to real estate insiders, there are several benefits to buying foreclosures and you don’t always have to pay in cash. In many cases, sellers are motivated to get the property off their hands, […]

Typically, investors offer to purchase a property “as is,” many times sight unseen. As a seller, that allows you to avoid any costly repairs that would normally be considered your financial responsibility.

Forbes.com
Investors don’t typically need to go out and get a mortgage, and you won’t be anxiously waiting for the bank to decide whether your buyer can get a loan. They typically pay cash, and because they don’t need a mortgage they can close the transaction much faster than a more standard buyer. Generally, closing is less than 30 days for an investor, and it can be within just a couple of weeks in a lot of cases.

BiggerPockets.com
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Did you know there are 9 ways other than a mortgage modification that can stop a foreclosure? Let me tell you about them. I’m not trying to sell you anything, I am not a realtor trying to get a listing. I just do not like how banks treat people when they are having some bad luck. I am speaking from experience.