I’m looking into buying a home for $ 124,000 which is a pretty good price but the house is owned by a real estate company and is forclosured. I’m not looking to resell it for profit. I dont have too much experiance in buying homes so I don’t know exactly know what forclosure is.
So what exactly does it mean to buy a forclosure home and does it make a difference if I buy it cash?
Also, any other tips that might help me out.