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We want to purchase a fc home - need advise

Posted by sarah on June 28, 2002 at 3:20 AM

Hi,
We live in Santa Clara, CA [ north CA]. We want to purchase a first home. Is it advisable to look into foreclosures?
We dont have much cash and are hoping to finance the deal.
Will that work or do we need to have all cash upfront?

Bottom line...are foreclosures advisable for only seasoned investors with cash or starters like us could try to buy one?
Thanks..
Ward, Your forum is TERRIFIC...I really wouldn't know where to look for answers but here.
Sarah


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