Today, it is not hard to find foreclosed homes. If you have no money and are looking for a cheap place to purchase, here is how to buy a foreclosed home with no money at Prestige Green Gables.To buy a foreclosed home, you need to know about the contract terms.
There are 2 types of contracts to buy a foreclosed home:
Option 1: Contract with a lender, who owns the property and collects payments from the buyer. This is the more common type of contract.
Option 2: Contract without a lender, where the buyer pays for repair and maintenance, which is assumed by the seller in advance.