 |
08-20-2008, 04:02 AM
|
|||
|
|||
How do people find those foreclosure homes or other
"bargain deals"? Do these really exist or is it a scam? I am think about getting involved in house flipping and that seems like a natural place to start.
    |
|
08-20-2008, 08:38 AM
|
|||
|
|||
|
You are on the right track. Don't buy "in foreclosure" or "short sale" homes. Focus on REO's (Real Estate Owned) homes which the banks have already foreclosed on the owner and now they bank owns it. If you are in the SF Bay Area I can personally help you.Otherwise, find a Realtor who specialized in REO's or is at least familiar with them.Trying to buy a house without one is like trying to represent yourself in court when you are accused of a crime.The obvious source is a Google search on REO's. Read and read and read! It's not easy to filter through all the BS.
|
|
08-20-2008, 09:56 AM
|
|||
|
|||
|
I would call my local banks they are the first to know what homes are up for foreclosure. Flipping is good just make sure you inspect the home good before you buy. Good luck .......
|
Linear Mode
