What Do You Need To Buy A Foreclosed Home Official

A "good faith" deposit of 1%–3% submitted with your offer. 2. Specialized Professional Help

Navigating the complexities of distressed properties is difficult without an expert team: what do you need to buy a foreclosed home

Most auctions are cash-only . You often need a certified or cashier's check (often for a flat amount like $5,000 or 1%–3% of the price) just to register to bid. Winning bidders usually must pay the full balance in cash shortly after the sale. A "good faith" deposit of 1%–3% submitted with your offer