Winning Financing Tips To Buy Foreclosed Homes?

Do you want to buy a foreclosed home at an auction?  Want to buy direct from the bank?  Which type of home purchase can you finance and when is it best to finance, even if you have cash?

If you are buying a foreclosed home as a primary residence you may want to have a loan as a tax and a legal shelter. Some purchases do not allow you to have a loan.  There are some auctions (like courthouse step auctions) and bank repos that have so much damage that banks don't want to risk their money on it.

Even if you have cash, you may have more buying power if you finance the home you want to buy.

If you want to purchase a foreclosed home as an income producing property, or even if you want to flip it, you may have greater buying power by financing the home.  I know it sounds crazy but it's true.  There are some great advantages to NOT putting all your eggs in one basket because spreading them around allows you to have more baskets.

Starting to get it?  Well, this is just the tip of the ice burg. Go to my Winning Tips To Buy Foreclosed Homes blog to get the whole scoop... while you are there see if you can find out how to shave two percentage points off your APR when you use financing to buy a foreclosed home.

Check out my blog about how to Buy Foreclosed Homes

if you're in the Riverside/Corona area and you want help finding and buying a foreclosure (bank repo), short sale, new home, or even a standard sale, go to Buy Corona Homes

I Wish You The Best!!!

Craig Yace - Corona Realty - http://makecoronahome.com