Are you are considering buying a Laurel, Md. home? If so, are you considering a foreclosure?
Everyone thinks a foreclosure can be had for pennies on the dollar. However, if you want to buy a foreclosure, you may end up paying more than the list price.
The last three foreclosure deals I wrote on all had multiple bids on them. At least two of them, went for more than full price. The foreclosure market is very competitive. If you don’t understand this, you will not make a competitive bid.
Some other links that bring up good points:
Dawn Barrier Dawn brings up good points about the pre-approval process and what the bank who owns the home may want from you.
Russ Ravary Russ brings up important cost to consider when buying a foreclosure.
Bill Gassett Bill’s article is very comprehensive about the whole process of buying a foreclosure.
Despite the fact that all the above are in different parts of the country, their points are very relevant in the Laurel Md foreclosure market.