Foreclosure Listings
I am a Real Estate Broker in NC and have someone excited about buying a house that’s in the foreclosure process with Quicken loans and in addition a VA mortgage. Who do I need to contact for the procedure of making a proposal for a brief sale previous to the public sale date?
Additionally, the agent, their staff, or their members of the family are prohibited from directly or indirectly buying any property owned by U.S. In this occasion, “member of the family” is defined as a partner, a domestic companion, dad and mom, grandparents, youngsters, grandchildren, siblings and step-family members. Some states have what’s called “right of redemption,” which suggests a home-owner who has been foreclosed on has a period of time to redeem or purchase back the property. That signifies that should you worked hard to buy our example property for $85,000, the previous proprietor has the right to buy it again from you for $85,000 plus some interest. You don’t want to fix up someone’s house for free, so that you might need to wait to make any enhancements until after the period expires to be safe.