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Originally Posted by UteStar
Foreclosures are a totally different animal. You need to find out how much is owed on the home, you will need to get liens taken care of, etc. It is not real easy to navigate thru these waters unless you are familiar with the process. It would be smart to either get a realtor with this kind of experience or to look into who you can work with to find the best ways to take care of it.
The best time to get a 'foreclosed' home is right before it goes into foreclosure...meaning, give the owner an offer before he has it foreclosed. When it gets to the foreclosure stage, you will be competing against others and there are a lot of ins and outs of foreclosures to take care of. Good luck.
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Is there some good reading I could do about foreclosures? Since we are in detroit foreclosures are happening all over...