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Republic OH (NC OH) | if the property has not been foreclosed on then you need to
find the owners, since they still own the property. then
you can get a purchase agreement signed. if it is less than
owed, the bank would have to approve it as a short sale. if the
offer is fair they might agree to the short sale. if not you
could increase your offer. how cooperative the current owners
are will help. there are a ton of things that could go wrong. the
owners could move and destroy the property before you take
possession. if the house has set empty for a period of time,
you could have busted water lines, electrical problems etc.
you could have bought a home full of mold.
you definitely want title insurance.
good luck! | |
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Buying a property in foreclosure
