5 Best Ways To Close Foreclosure Deals

2. “Cash is King” –

This says it all. If you have the cash to offer on a foreclosure, you can make a lower offer than mortgaged buyers and still get the home, in certain situations. Try to figure out a way to get cash for the total purchase price, this will speed up the buying process and make things a lot easier. If you cant come up with the cash, you’re still okay. Find a lender to work with and let them know exactly what you are trying to do. If you are an owner occupant (meaning you are buying the home to live in yourself) you will have more incentives in buying a foreclosure, because certain government entities like to promote owner occupancy.

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