Colli Real Estate

Questions for new buyers and exclusion?

Ok, well, I'm 25 and I am more interested in buying a house or condominium. I looked at the document and it was a condominium of 26K which is in foreclosure. It is a pleasant enough place, and was interested by buying them live, or resale. I know I do not know much about the flip "process, but want to learn. Is this it? I do not have much debt (about 2k in student loans and credit cards) and have about 20k saved in the bank. Any information would be great, especially in the foreclosure thing that I read on the subject but I'm still not clear what is or what it really means.

The exclusion means that the bank has made previous owners for nonpayment. If they did not have the property that the removal pipes or any other things that make people crazy, then that is your problem. It can also be attached to any lien on the property. This can be very hairy and often do not "flip" worthy, but it really depends on the property. If you really want to buy at least a few years life would be great. Think what you save in rent, of course, you may be better to simply rent. If you've been at work the typical requirement of two years and think you can benefit hey why not give it a whirl.

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