finding foreclosures

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Do not write off a foreclosure home just because the price is low. You

could miss a great opportunity.

Due to a promotion by my hubby’s job, we had to move to another state

quickly but we did not have tons of money to buy another house but the

area was small and had limited rental housing. I immediately went

searching through the foreclosures. I immediately was drawn to a house

which was built in 2004, almost 1800 sqft, 4br 2.5 bath, walk in

closets, cathedral ceiling, back deck, small front porch, and two floors

for the astounding price of $79,000!!!

My husband did not even want to waste his time looking at the house

because it was priced so low. He thought it must obviously be a wreck on

the inside. He went in kicking and screaming, but he went. He LOVED the

house as did the family and the realtor. The problems with the house

were minimal. We needed a new thermostat and the air unit needed a

repair, the upstairs bathroom had a leak underneath the sink, and the

attic was in need of insulation. We wrote an offer and are now living in

our “new to us” house! Our other house that we own in Georgia is an 1100

sq.ft. home with 4br 1.5 bath and it was built in 1970. That home cost

us $64,900 7 years ago, and it was deal at that time. .

Everyone from the banker, our agent, closing attorney, inspector and

appraiser said we received a great deal on the house. The inspector

thought it was going to be falling in on itself when before he started

his inspection. I have viewed TONS of foreclosures over at least a 13

year span and never thought I would come across such a deal. Due to the

lower cost of our new home, we may keep the other house and rent it out

for rental income making our deal even sweeter! You will never know

until you look because it just might be worth your time.

April

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what I am interested in. I am asking him if it is really true that I

can get a house for $100K or under. I don’t know how to go about

buying foreclosures, I have no idea how it works.

I am hoping that it’s really true that some houses can go that low.

But I don’t understand why. Some foreclosures are very high, and

some are low.

May I send you a PM? I need to learn more about foreclosures.

Lisa<<<

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