If you are in the market to buy a home, you might consider the opportunity to look at foreclosures. After all, they are generally sold at a fraction of the cost of the home’s value. If you plan to use FHA financing for the purchase, though, you might run into a little trouble. If the home is not in perfect condition or at least acceptable to the FHA, they won't guarantee financing on the home. Don’t worry though, this doesn’t mean all hope is lost. There is one way you can buy a foreclosure and … [Read more...]