Registered
Join Date: Dec 2008
Location: East Hampton, CT
Posts: 516
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how do you buy/bid on a foreclosed house?
Hi. My wife and I are thinking about moving to an upscale town in CT (Glastonbury), so our two young kids can take advantage of the fantastic school system there. Anyway, homes are pretty pricey, but I see on yahoo real estate that there are a lot of forclosures and the listed prices seem very doable for us. I just don't know how to do it. All the sites want you to register (pay money) for lists. And it seems there are a million sites that offer this service. It just seems shady to me. We currently live in a nice home in another town, so there's no urgency to get something new. But if we can upgrade to a better town, we'd like to. So does anyone know the steps to take to buy a house that's been foreclosed on? I'm just skeptical of all these money making websites... I mean, there were foreclosures before the internet, so how did people buy bank owned homes then???
Any help is appreciated.
Thanks.
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