How can I buy California Foreclosures?

On February 11, 2009, in Tips And Advice, by Jonas Kruckeberg

Written by: Jonas Kruckeberg |

California - 619-436-8267

This is typically the first question our Temecula and Murrieta Mortgage clients ask when applying for a new home loan – how can I buy California Foreclosures?

If you were to type “California Foreclosures” in a search engine, the top results generally turn up Real Estate Agent and mortgage lead sellers.

Even though speaking to multiple people may be a good tool for reference, it probably won’t give you the full story about how to buy a Temecula Foreclosure or Murrieta Foreclosure.

9 Steps to Buying Your California Foreclosure

Step 1	Get Pre Approved for a Temecula Mortgage or Murrieta Mortgage

Step 2	Find out How Much You Can Borrow

Step 3	Find a Temecula or Murrieta Realtor

Step 4	Have your new agent Search the MLS for California Foreclosures
	and Start Your Temecula Murrieta Home Search now!

Step 5	Make a proper offer on the home – to understand a proper offer
	for a Temecula or Murrieta Home, consult a California Mortgage Expert

Step 6	Upon Acceptance of your offer – get all required documents together

Step 7	Get a Home Inspection and Appraisal

Step 8	Check to see if a foreclosed home has any liens on it, such as unpaid
	property taxes. Find out who is liable for those costs.

Step 9	Be prepared to deal with more paperwork with a foreclosure than you would
	with a conventional purchase, particularly when its a FHA Loan.

Schedule a strategy session with our professional California Mortgage staff by phone or at our office to discuss the best lending solution for you and your family.

Be sure to watch for next week’s post where we go into the field and visit several Temecula and Murrieta Foreclosures. We’ll demonstrate how you can renovate them into your Dream Home with a FHA 203k or FNMA HomePath Loan.

Jonas Kruckeberg Your Mortgage Planner First Priority Financial Temecula, CA	Work: 951-506-4663 jonas@jonasloans.com http://www.jonasloans.com
FHA Loans Expert
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