They are trying to get ahold of a homeowner to buy his second house which is in foreclosure.

Im going to buy my parents apt, we have most of the details worked out but im not sure who i speak to to create the actual document. 

Which option is better to build a new one or buy an existing one?

@Robert Sorrels well, congrats on buying your first home.  

Lone Star has been buying up tons of delinquent mortgages and distressed properties all over the country. 

I’d buy it today because for me the finish line isn’t a year from now, the finish line is 7 years from now, 10 years from now.And once the market heats up, buyers come out of the woodwork and you might miss that good property is hopes of being the one to snag it at a perfectly timed market bottom.Just my approach…..

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Buy a new primary residence with low down.

Even if that is a possibility, I would continue looking for coverage for two reasons:1. the Mortgage company generally only buys what is needed to coverage their interest in the property (not your equity you've built up)2.

He also told me that he had not found a property worth buying yet. 5.