Foreclosures?

I am in Wisconsin and I have been looking into buying a house. Since we don't have a lot of money right now being colege students. My boyfriends dad has bought foreclosures before and it seems like its a good investment for the most part.

We have no idea what we are doing and would love some advice. It seems like we get different answers from everyone.

It seems like having a realtor would be best for us just so we have someone else to help us out.

This is just all so confusing for us.

Since your boyfriends father has bought multiple foreclosures you should ask him for some guidance. He can answer your questions as they come along.

Talk to your local realty companies and let them know that you are interested in buying foreclosed properties in your area. They should be able to give you a listing of foreclosed homes, seller names, and whether or not they will be sold at auction.

If you plan to buy a home from a foreclosure auction, you will need to have at least $5,000 down, and then have financing to pay for the rest. The $5,000 is non-refundable, so make certain you have the financing first. If the deal falls through, you won't get your $5k back..

I was once in your situation. Don't worry, everything will work out for you =)

A year ago I found this organization that gives people up to $1500 in renter or mortagage assistance! They operate in most US cities, I highly suggest you try to get some of this money.

http://www.help-with-rent-mortgage.org

Good Luck!

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