Finding Foreclosures

Where is the best place to find and buy foreclosure property?

QUESTION: Listener asks how to find foreclosure property to buy. Dave tells him what he needs.

ANSWER: There are more foreclosures than there used to be, so there’s the potential for a good buy. You need cash if you plan to buy the house at the steps (an auction), but I would advise against that. If you’re going to buy foreclosure, the best place to buy is from the owner of the property prior to the foreclosure. Then you can get a clean title, you’ve got time to put together your loan, and you can get a deal.