For Foreclosure Buyers

Finding and buying a foreclosure is fun, fast paced and challenging but in the end it will be worth it.

Steps in buying your dream foreclosure.

1) Get an approval letter from your lender or proof of funds letter if cash offer.  Banks will not accept offers without a copy of the pre-approval letter.

2) Have an earnest money deposit for 1% of purchase price.

3) Determine the area you are looking to buy in.

4) Determine price range.

5) Contact a Realtor experienced in foreclosures.  I have over eight years experience in foreclosures.

6) Being a foreclosure you can expect a good deal below the appraised value.  You must be willing and able to act quickly because you will not be the only ones looking for a good deal.

 

Contact me, Sandra by   email at Sandra.brown@century21.com  or by office number 865 286-1882 direct or my cell phone 865 356 7793