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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: We want to purchase a fc home - need advise Posted by Ward-CA- on June 29, 2002 at 3:31 PM In Reply to: 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 =•=•=•=•=•=•=•=•=•=•= Sarah, Generally you’d expect to need lots of cash to participate in foreclosure investments in CA. However, if you go out during the 4 months prior to the trustee’s sale and negotiate with owners in distress, you’ll need far less cash—perhaps $5,000 to $10,000. And that’s the foreclosure that’s hot right now. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : 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 : =•=•=•=•=•=•=•=•=•=•= : Sarah, : Generally you’d expect to need lots of cash to participate in foreclosure investments in CA. However, if you go out during the 4 months prior to the trustee’s sale and negotiate with owners in distress, you’ll need far less cash—perhaps $5,000 to $10,000. And that’s the foreclosure that’s hot right now. 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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