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本帖最后由 coolarry 于 2022-1-10 21:08 编辑
看到一个Listing, it is foreclosure single family house.
Previous owner didn't pay his mortgage, His house got foreclosed. Right now the title is with the lender, the listing agent says: It's already foreclosed. The title is already under our lender's name.
Per the MLS: Drive by only. The house is under eviction.
I heard the foreclosure can take half a year or even longer, because lender has to approve it for the contract
the previous owner can do some damage to the property inside, nobody know. there is risk associated with the foreclosure property.
the property listed as more than 1 million, but if there is eviction going on and it is foreclosure house, the listing has been on the market for more than 40 days.
it is in a seller market area.
for this kind of property, do you guys have any good suggestions? Is there anything need to pay attention to for the mortgage application?
thank you in advance.
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