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The Fast (But Not Furious) Foreclosure

To accelerate the foreclosure purchase, get your financing in place ahead of time. It can take up to a month to qualify for a loan. Once you qualify, you’ll better ensure your ability to settle on a foreclosure purchase.

Hire a qualified value who’s familiar with the neighborhood to asses the foreclosure home you that interests you. Inspect the property and thoroughly estimate what repairs will be require. Also do a title search to unearth any liens, taxes, and other liabilities attached to the property.

Doing all of this work in advance will help you grease the wheels. The more foreclosure “homework” you do in advance, the quicker the sale will happen. It will also give you a leg up over other interest buyers.

 
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