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How To Buy A Foreclosure Homes

Debt to Income Ratio with FHA Loans – FHA Home Loans. – Debt to Income Ratio with FHA Loans You will find debt to income requirements with FHA loans are in place to keep homebuyers in a healthy financial position. Time shows that having limits helps to keep both the lender and the borrower out of difficult situations.

10 Things to Know Before You Buy a Foreclosure 1. Bank-owned homes are not short sales A short sale is a home that a homeowner tries to sell for less money than he or she owes on the mortgage.

Buying a foreclosed home is a little different. "Buying a foreclosure is definitely a bit of a grind. It’s not easy," says Robert Jensen, broker and president of the Rob Jensen Co. in Las Vegas.