Foreclosure or individual?

[Trisha Punneo]

So I'm wondering if it would be best to buy a foreclosure home or someone selling there home? Also if I was to chose foreclosure should I save up money to buy the house if I can get a good deal or should I take out a loan?

[Anthony Angotti]

Hi @Trisha Punneo

It's best to buy one where the numbers work. Foreclosure, short sale, on market, off market, etc. It doesn't really matter as long as the dollars and cents make sense. 

If you are buying foreclosures from the auction and not REO properties though you will need to look at the auction guidelines in your area. You'll likely need all cash (or a version of financing where you can have a check for the purchase amount/upfront payment).