Pre-Foreclosure pros & cons, please

Accountable · 06-10-2006, 07:19 AM

My beloved & I are considering buying a pre-foreclosure house, a house that the owner can't pay for but the bank hasn't taken yet. We've looked online & there is plenty of general advice -- very informative.

Has anybody done this? Any advice?

sunny104 · 06-10-2006, 07:34 AM

I'd like to know too!

Accountable · 06-12-2006, 08:23 PM

Quote:

Originally Posted by sunny104

I'd like to know too!

My beloved found this:

http://www.all-foreclosure.com/

nvalleyvee · 06-12-2006, 11:49 PM

The house I bought was on foreclosure.

I bought it for 90,000. Put 125,000. into it and its worth 410,000. today. Look into the area.......look into what money you have to put into the house...............very IMPORTANT...................what do you have to invest in the house to get a 33% return. If you cannot...rethink it.

Accountable · 06-13-2006, 04:08 AM

How much access did you have to the house before you bought it? Walk-thrus, inspections, etc. Did you use a realtor?

sunny104 · 06-13-2006, 12:20 PM

Quote:

Originally Posted by Accountable

My beloved found this:

http://www.all-foreclosure.com/

Thanks!

06-10-2006, 07:19 AM	#1 (permalink)
Accountable Isn't Everybody? Supporting Member Join Date: May 2005 Location: San Antonio, TX Posts: 20,459	Pre-Foreclosure pros & cons, please My beloved & I are considering buying a pre-foreclosure house, a house that the owner can't pay for but the bank hasn't taken yet. We've looked online & there is plenty of general advice -- very informative. Has anybody done this? Any advice? __________________ . I choose freedom, warts and all. Want to support the troops? Click here
Local Time: 05:30 PM Local Date: 11-21-2008

06-10-2006, 07:34 AM	#2 (permalink)
sunny104 deep in the heart of..... Supporting Member Join Date: Jan 2006 Location: Texas Posts: 11,309	Re: Pre-Foreclosure pros & cons, please I'd like to know too! __________________
Local Time: 05:30 PM Local Date: 11-21-2008

06-12-2006, 11:49 PM	#4 (permalink)
nvalleyvee Not just a sheeple Supporting Member Join Date: Apr 2005 Location: NM Posts: 5,140	Re: Pre-Foreclosure pros & cons, please The house I bought was on foreclosure. I bought it for 90,000. Put 125,000. into it and its worth 410,000. today. Look into the area.......look into what money you have to put into the house...............very IMPORTANT...................what do you have to invest in the house to get a 33% return. If you cannot...rethink it. __________________ The growth of knowledge depends entirely on disagreement..........Karl R. Popper
Local Time: 05:30 PM Local Date: 11-21-2008

06-13-2006, 04:08 AM	#5 (permalink)
Accountable Isn't Everybody? Supporting Member Join Date: May 2005 Location: San Antonio, TX Posts: 20,459	Re: Pre-Foreclosure pros & cons, please How much access did you have to the house before you bought it? Walk-thrus, inspections, etc. Did you use a realtor? __________________ . I choose freedom, warts and all. Want to support the troops? Click here
Local Time: 05:30 PM Local Date: 11-21-2008

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