Re: Buying Foreclosures
Posted by Barbara on July 26, 2007 at 09:23:05:
In Reply to: Buying Foreclosures
Posted by Jade on July 25, 2007 at 11:28:50:
The beneficiary can be any person or legal entity. It is common for private parties to carry the financing for a buyer in a slow market or if they just want to make a better than average return on their money. They get to keep any down payments and payments that have been paid to date and then if they get it back they get to do it all over again. I am a Realtor who deals mainly with investors, so if you have any questions you can email me.
Follow Ups:
Post a Followup
