Here's how to buy a new home without qualifying, with little or no money down, even if you've had a foreclosure

It's amazing how if you are a buyer in today's market, you can get incredible value for your money when you buy a house. If you are a seller, you are not so fortunate (unless you sell well below market value.)

There are benefits to becoming a homeowner again. This part of our course shows you how you can buy a house with no money down, and no qualifying. Because the same market that made it so bad for you to sell makes it wonderful to buy.

But beware. Renting is a great option today. Yes...you lose the home mortgage interest deduction but you may make out a lot better than buying an asset that is declining in value.

I happen to believe that this asset will increase in value in a few years, but your timing may not be perfect.

But what if you decide you want to buy another house?

You can buy "subject to" the existing loan. Here's how.

1. Start looking for houses in your price range offered by very motivated sellers.

2. You want a house that has a loan on it that equals its market value.

3. Then you offer the seller this: "Deed the house to me. I will move in and make the payments."

Why would the seller want to do this? Because they can get you to start paying their loan payments. They can get out from under. Remember, they are very motivated!

No, you don't assume the loan. You take their house "subject to" their existing loan. All you have to do is reinstate the loan and make the payments. Sometimes you have to throw a few bucks to the sellers to help them with moving expenses.

Look, in all this stuff we've talked about, you are going to need help. You need information, the exact formulas that others followed before you so you can do this without screwing up.

It isn't that hard, but you need the know-how. I would highly recommend you don't try anything without this last bit of information on foreclosure.

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