Dan Bradstreet   Dan Bradstreet 1-800 435 6184 ex. 2190 ask for Dan Bradstreet	Are you behind on your mortgage or house payment                                      FORECLOSURE HELP                    Please send me a  e-mail,  I can give you options.
GRI, ABR & MMDP  Real Estate Agent Dan Bradstreet resume		All US States Home Search  Property Search House search now!	Hot Sheet   house foreclosures, repossessed property, bank foreclosure list, short sales repossessed houses and distressed  properties	Remax Equity group home search

Purchase Pre Foreclosure Homes

What is a foreclosure home?
Before the bank or lein holder actually completes the foreclosure process "before the home or property is sold
at the court house steps"

Is a short sale a foreclosure property?
All short sales are pre-foreclosure homes that generally can't be sold for enough money to pay off the liens against
them.

What options do I have when purchasing a foreclosure property?
1. Cash. All cash at closing.
2. Loan from lending institution or bank
a) VA loan Must be a veteran to qualify "0" down.
b) FHA. Must be owner occupied "3.5%" down.
c) Conventional. Owner occupied "3%' or more down
d) Non-owner occupied. Usually "20%" down.

Purchase Process
1. Secure financing.
2. List purchase scenarios that will work for you.
3. Have an experienced real estate agent help you identify properties. This is where an experienced agent can help.
4. Make offers that work for you don't let your agent pressure you into something that does not work for you

Guidelines
Use a Promissory Note for earnest money which should be redeemable upon an inspection acceptable to the buyer.
Ask sellers to pay your closing costs up to 3% This could help you purchase for less money up front if cash is a problem.

How can I find the best pre-foreclosure homes?
The best home purchases that I have come across were found by an aggressive, experienced real estate agent, that
is familiar with the process and knows how to identify those properties that can close for a significant amount below
the listed sale price. Again I can help find distressed properties
Seattle WA Property   Vancouver WA Homes   Portland Oregon Homes