Foreclosure - LENDER APPROVAL REQUIRED. Great opportunity for buyers and investors. Property is sold strictly as-is. Seller makes no repairs or concessions. All offers are subject to lender approval, including price and terms. Approval process may take extended time. Buyer to complete all due diligence including inspections, utilities, and condition. Seller has limited knowledge of property.
Yes, as long as you meet the lender's credit (620+) and DTI requirements. FHA assumptions require you to use the home as your primary residence.
You need to cover the seller's equity of $0. If you don't have that in cash, we can help structure secondary financing to cover the gap.
No — FHA loans require owner-occupancy. If you're an investor, ask us about our VA inventory.
Typically 45 days. The lender underwriting is 2–3 weeks, and the rest is standard closing.
Cash covers the gap between the price and the existing loan balance. Changing this amount does not change the existing mortgage payment.
P&I is principal and interest. PITI also includes estimated taxes and insurance. HOA fees and payments on any additional financing are separate.
Asking price minus remaining loan balance. Closing costs are additional.
Confirm the current loan balance and equity requirement with an agent before estimating cash needed.