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Hey folks,
Is it harder to find a home loan for a foreclosure? I have been looking around the areas I want to purchase in and there are some really really nice houses for ALOT less in the area that are bank owned and been foreclosed on. My last house was a straight conventianal mortgage, So other than being foreclosed on I have no idea what to expect when I goto purchase and tell them I want to look at forclosed houses.
if there are required repairs.... they can be a pain.
and depends on the repairs.
banks dont like to repair properties that they own.