Question
I want to buy a bank owned foreclosure home with cash. How do I begin?
I live in Albuquerque, NM.
2 months ago - 3 answers
Best Answer
Chosen by Asker
First you have to do some research and find out where these homes are or at least the home you want. I would suggest using the site GovernmentAuctions.org - they have a comprehensive list of foreclosed homes, details info on where and when the home goes up for sale, and who is in charge. If this is your first foreclosure - they also have a tutorial. After that I would find an auction that specifies that cash is allowed. Most of them go with cashiers check.
Source(s)
by Carlos M
2 months ago
Asker's Rating: 
Other Answers
Honey, just pull out your checkbook. It's that simple. You married hon?
by yobcixelsid111- 2 months ago
Contact the regional banks and ask if they have any REO properties.
by Ryan M- 2 months ago