How do I buy a foreclosed home. Each time I find one on a website it already has multiple offers?
Foreclosures are a tricky business because they usually draw so many offers very quickly. We've set up MurfreesboroForeclosures.com to help buyers looking for the elusive "deal" to find it quickly. You simply fill out a form to receive the current list of Murfreesboro foreclosures, short sales, and HUD homes as well as an updated list every Monday showing only the properties without contracts on them. It's really simple.
You'll want to look at short sales and HUD homes as well, as they are often just as good of a deal. The bank has to get a minimum sales price in either case (also for foreclosures) and they are typically very similar price wise. They won't entertain a lower offer than that "set" price in any case.