Upcoming Foreclosures

I want to buy a bank owned foreclosure home with cash. How do I begin?

I live in Albuquerque, NM.

Public Comments

1. Honey, just pull out your checkbook. It's that simple. You married hon?
2. Contact the regional banks and ask if they have any REO properties.
3. First you have to do some research and find out where these homes are or at least the home you want. I would suggest using the site GovernmentAuctions.org - they have a comprehensive list of foreclosed homes, details info on where and when the home goes up for sale, and who is in charge. If this is your first foreclosure - they also have a tutorial. After that I would find an auction that specifies that cash is allowed. Most of them go with cashiers check.