Thanks for the insight on foreclosure sales and usually they have a minimum bid to satisfy the loan. However not all ways the case and just need to bid on the property. I guess I need to look if there is any tax liens, city violations or utility bills that needs to be pay off. Furthermore once the due diligence is done and win the property do u think the house has any home equity and can I take that out to remodel the property after a foreclosure sale?
Thanks for the question. Yes, lenders can fund the entire remodel budget if you plan to flip the property. If you plan to occupy the home, no private lender will consider it. Private lenders don't typically fund loans at auctions unless they have access to inspect the property.
Is there a possibility to learn the process what to look for when buying a property from a trustee sales at court house step to be able to sell it back to the market? Not the physical due diligence of property but other things what to look for liens position of mortgage who is foreclosing. Can you provide a contact who can teach the basics things where to look for fir safe purchase I don’t mind paying
Thank you for this information.
Glad it was helpful!
Thank you for this
You're welcome! Thanks for watching.
Thanks for the insight on foreclosure sales and usually they have a minimum bid to satisfy the loan. However not all ways the case and just need to bid on the property. I guess I need to look if there is any tax liens, city violations or utility bills that needs to be pay off. Furthermore once the due diligence is done and win the property do u think the house has any home equity and can I take that out to remodel the property after a foreclosure sale?
Thanks for the question. Yes, lenders can fund the entire remodel budget if you plan to flip the property. If you plan to occupy the home, no private lender will consider it. Private lenders don't typically fund loans at auctions unless they have access to inspect the property.
Is there a possibility to learn the process what to look for when buying a property from a trustee sales at court house step to be able to sell it back to the market? Not the physical due diligence of property but other things what to look for liens position of mortgage who is foreclosing. Can you provide a contact who can teach the basics things where to look for fir safe purchase I don’t mind paying
Perhaps BiggerPockets or PropertyRadar has some information about this.
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How about the foreclosure process on a mobile home in california?
Mobile homes are personal property, not real property, so they don't go through a foreclosure process.