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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Do I need all cash upfront for buying a fc prop.? Posted by sarah on June 13, 2002 at 7:05 AM Hi, I am in the process of doing some homework on foreclosure properties. We want to purchase a forclosure for a first home to save us money. Also want to be in real estate investing in the future. My hubby and I are Computer Engineers [ am not working currently since I have 2 little kids.]. I am trying to learn as much as I can about foreclosure so I can work in it primarily. MY QUES : Do we need to pay ALL the amount for the fc property in cash upfront at time of purchase? Or can we finance a foreclosure property just as a regular property? My husband's credit is ok. Can we use this to get financing? Since I am not working, can I get financing [ based on family income]? Also, I am reading things online...but any good book recommendations would be appreciated! Thanks in advance for any helpful hints! Sarah Follow Ups: Depends on your local foreclosure procedure. Ward-CA- 7:46 AM, 06/16/02 (0) Re: Do I need all cash upfront for buying a fc prop.? Jim 4:22 AM, 06/16/02 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi, : I am in the process of doing some homework on foreclosure properties. We want to purchase a forclosure for a first home to save us money. Also want to be in real estate investing in the future. My hubby and I are Computer Engineers [ am not working currently since I have 2 little kids.]. I am trying to learn as much as I can about foreclosure so I can work in it primarily. : MY QUES : Do we need to pay ALL the amount for the fc property in cash upfront at time of purchase? Or can we finance a foreclosure property just as a regular property? : My husband's credit is ok. Can we use this to get financing? : Since I am not working, can I get financing [ based on family : income]? : Also, I am reading things online...but any good book recommendations would be appreciated! : Thanks in advance for any helpful hints! : Sarah Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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