Tag Archives: Foreclosed Home

Is it possible to get a mortgage to buy a home and repair the home at the same time?

By Home Buying Wiz | July 2, 2009

Han M asked: Say you buy a foreclosed home in bad condition listed at say $20,000. Can you get a mortgage for say $45,000 dollars to cover mold removal, rewiring, just general improvements? I’ve tried to find information on-line and someone suggested an FHA streamlined loan but after reading more about the streamlined loan it [...]

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If you buy a foreclosed home, does your agent still get a commission?

By Home Buying Wiz | December 13, 2008

Val asked: We’re looking to buy a forclosure and we work with an agent. Normally, if we were to buy a home sold by an actual seller, their agent and my agent split the commission at the end. However, with a forclosure, you’re dealing with the bank. So how exactly does that work? Would we [...]

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