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buying preforeclosure

Posted by ayesha on May 30, 2007 at 23:10:13:

Can you get a home loan to purchase pre foreclosure. I hear that in foreclosed properties you need at least 20% down. Is this also true for pre- foreclosures.

Can you get a loan that will cover cost like closing, lender fees and etc?

Can you make a deal with the owner to offer more money so seller can pay all the fees.

Does anyone have any advice for trying to purchase a pre foreclosure home with out cash. I've already been pre approved for 100% financing.

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