Here are some other helpful ways you can find an affordable home.
Contact local lenders, real estate professionals, the Federal Housing Administration (FHA), and the Veteran’s Administration (VA) about real estate owned (REO) houses they have taken back through foreclosure and are now re-selling.
Attend auctions. Auction properties are generally sold “as is.” Check them carefully before going to the auction. You may also need to be pre-approved for a loan to bid.
Call nonprofit community redevelopment organizations to ask about neighborhoods where special loan programs are available for low and moderate-income homebuyers। These organizations include the National Association of Community Development Corporations, the Enterprise Foundation, Local Initiatives Support Corporation (LISC), and Neighborhood Reinvestment Corporation.
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