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Monday, January 25, 2010

In Search of Bank Owned Homes

A couple of months ago, my husband and I found a town home that we like. It was in the nice and established neighborhood, close to school, church, park, shopping mall, hospital, and work. We didn't know it was once of the bank owned homes property until we have talked to the Realtor. It was a great chance for us to own that property, but we need to finish our lease before we can buy it or else we would be paying rent and mortgage at the same time which we cannot afford to do. The great thing about buying a foreclosure home is that we can take advantage of the $8,000 tax credit by buying bank owned homes. Anyway, I have found out that anywhere you want to go, you can find bank owned homes even in Washington, in fact they also have the Seattle Bank Owned Homes if you are interested in buying a house/home in that state.

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