All Forum Posts by: Kristin Denne

Thank you all for the advice! I ended up pulling out of that offer for several reasons but mainly because I wasn't feeling comfortable with how things were being handled. I'm really hoping to complete my first deal within the next 6 months-1 year. Fingers crossed! 

Thank you both for your replies! I ended up pulling out of that offer because I didn't feel comfortable with the realtor. On to the next one! 

Newbie here! All help welcome!

I am trying to make my first offer on a single family foreclosure. I am going through a realtor. After placing my offer as cash, the realtor is now saying that I'm going to need to "sign some papers", give proof of funds (letter from bank), and a hard money check for X number of dollars. Is this typical? Like I said, this is my first time placing an offer on a foreclosure and would be my first investment property. 

The foreclosure is in Pennsylvania if that makes a difference. 

Thank you so much for the response! I decided to place a cash offer on the foreclosure. Now, the realtor is saying that I'm going to need to "sign some papers", give proof of funds (letter from bank), and a hard money check for X number of dollars. Is this typical? Like I said, this is my first time placing an offer on a foreclosure and would be my first investment property. 

Hello,

I am possibly putting an offer down on what would be my first house to rehab, but I am concerned about any potential liens that might be on the house since it is a foreclosure. If I am going through a real estate agent in the state of Pennsylvania, are they required to disclose the lien information? Where can I go myself to find out if there are any liens?

Thank you so much in advance for your advice!

Fantastic question. I've been wondering the same thing. My company doesn't match and only allows me to put 2% into 401k. What a joke. Investing in real estate just seems like the right thing to do.