There is a foreclosure SFH that is going to auction this month right down the road from me and I'm trying to use transactional funding or creative financing to buy the house.

Context: Detroit, SFH tax-foreclosures...properties ranging in value from $3K to 30K....no mortgage financing, only cash purchases between investors or investor to occupant / tenant.Questions: Are there any legal issues with quitclaiming a deed from a tax foreclosure property to another person (investor or occupant)?

I've also purchased a property through foreclosure that could have easily supported the debt on it but was managed so poorly that the owner couldn't keep it.I personally would feel comfortable with as much as 60% of my income going to debt service, however that would not be ideal - 50% or less keeps me happy and sleeping well at night.  

foreclosure-s... and they have a link to the list of properties that are up for sale, although they'll give you an updated list once you get there.

It's just a lot of work, I probably look at 100 properties for every 1 I buy at foreclosure auction. 

Property Radar has data on foreclosures, foreclosures, and auction houses, and shows you on a map in relation to your location.

Hey guys,Was hoping I could get some help on my first pre foreclosure deal.

Yes, I've had to remove cat urine odor from a foreclosure we bought a few years back.

Your situation might require an attorney and foreclosure action. 

@Dale Crawfordare you considering foreclosures as well?