Buying a Foreclosure: What Every Homebuyer Needs to Know

31/08/2025 56 min

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Episode Synopsis

Thinking about buying a foreclosure in Bakersfield or beyond? In this episode of the Kern County Real Estate Review, Laurie McCarty breaks down everything buyers need to know before jumping in. From explaining the foreclosure process in California to clarifying the difference between auctions, REO properties, and short sales, Laurie shares practical insights drawn from decades of experience.You’ll learn:Why foreclosures happen and how the process works locallyThe risks and rewards of buying at auction vs. through the MLSWhat financing options (FHA, VA, conventional, cash) really work for foreclosuresExtra costs and repairs buyers should budget forHow today’s market compares to the 2008–2009 foreclosure waveAction steps for buyers who want to get started safelyWhether you’re a first-time buyer, an investor, or simply curious about the current real estate market in Kern County, this episode offers clear guidance and expert advice.For more resources or to connect with Kern County’s #1 real estate team, visit TheMcCartyGroup.com.