Foreclosed homes can vary from a regular home purchase, and you will want to research all loan products available for this type of transaction, including traditional loan products or an FHA 203(k) Renovation Loan (a mortgage that provides the purchase price plus funds for renovation by financing the "as improved" value of the home).
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Of course Some loan program may not be available if the property is in very poor condition i.e. FHA doesn’t want to see plumbing or roof problems and there needs to be functioning appliances etc. I’d be happy to assist you in your search. Keep in mind that foreclosures aren’t always a great deal.
Foreclosures tend to get scooped up by real estate investors who often pay in cash. Don’t let that discourage you; many lenders will help you find the right financing to buy a foreclosed home.
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