Buying A Home
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
thinking of buying a foreclosure
I saw a foreclosure online today that I am interested in. I know that they can be a mess and I drove by since the address itself wasn't listed. I wasn't able to pick it out via a drive by. I did contact the realtor to express my interest. I know about the area since I have family that live two blocks away.
This would be my first home purchase. I was pre-approved two years ago for a mortgage. I paid off a significant amount of debt in that time and my credit score is good so I expect to get pre-approved for the same amount if not more.
I am clueless about the process. Should I be pre-approved prior to even looking at it? Please educate me on this process.
TIA!
Re: thinking of buying a foreclosure
You'll definitely need a pre-approval. Several of the foreclosure listings I've seen have required it to be from a certain bank, so you might want to check with the listing agent to see if that's the case.
If it's not a Homepath Foreclosure you might need a larger than typical first deposit in the form of cashier's check to put in an offer.
Thanks! I will definitely ask when I hear from her before getting pre-approval from just any bank.