If you have some free cash and a good credit history, you can still get a loan to buy a foreclosure, but the loan requirements have gotten much more restrictive since the crash of home prices. Banks don’t want to get stuck with any more foreclosed home than they already have, so they’re being very careful who they give a mortgage to. One way to find foreclosed homes is to do a free foreclosures search on the website Freeforeclosureblog.com! They have listing of Real Estate Owned Foreclosures and real estate auctions in whatever state you may be interested in.
For more information about Free REO foreclosures, please visit Freeforeclosureblog.com. This post is brought to you by their website. They offer the search completely free.