[masraum]

5 Years ago we sold our home in the ‘burbs, downsized and moved into an apt in town.

We love living in town so much more than the burbs. In the apr we enjoy that things are new and when there’s a problem, it’s not my problem.

The missus is watching the grandkids, 5 days a week, one is about 3.5 and the other is about 7 months. Our apt is at the lower limit of a size that’s comfortable for us, but below that limit when the grandkids are here (45-55 hrs/wk). We also aren’t building any equity so we are thinking that we are ready to get back into our own place.

Very near where we live there’s a foreclosure that sounds pretty good at a decent price. We have driven past and seen the photos online. Before we get too far along, I’m curious about what we should do and look at and find out if/before/when attempting to buy a foreclosure.

Per the Internet, you need to ensure that there are no liens on the property, like taxes, equity loans or other debt that may need to be paid before you can own the home.

What’s the best way to find out what liens are on the property?

What’s the best way to negotiate a price on the property? I assume the bank doesn’t want to give it away, but they probably also don’t want to hold on to it for long either.

Do you need to get a realtor that’s familiar with foreclosures?

Advice and recommendations welcome and requested.

Thanks