I am looking to purchase a home and want to make a bid on a foreclosure..possibly a short sale. Do I need to be pre-approved to purchase or can I pre-qualify after they accept my offer? The agent said they want me to get pre-qualified with the lender that owns the property.

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Re: Do i have to be preapproved to purchase a forclosure or short sale?
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You don't HAVE to be pre-approved to write an offer on anything, but why wouldn't you? Wouldn't you want to know if you're going to get a loan on the home that you're now starting to see yourself in? AND...The market has been such that for years now any listing agent will insist on it bef […]