How do I buy Foreclosures with no Credit or Down Payment?
You just have to be more creative with your financing. That is the great part about real estate, you can control property with very little money. One technique that works well is called "Subject To", or taking over a property subject to existing financing. So instead of applying for a loan the conventional way where they check your credit, debt to income ratios, and so on, you can take over the monthly payments and sell the house before it goes to auction. Or you can keep it as a "rent to own" and make a monthly cashflow. It's kind of like assuming a loan, except you are not paying points, loan fees, and so forth.
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