Answers by Shahzana Ripp

To sell your house fast in foreclosure, your best options are a traditional sale if you have equity and time, a short sale if you owe more than your home is worth and your lender agrees, or selling to a cash home buyer for the quickest possible closing without repairs or showings. I would recommend to hire a Real Estate lawyer and contact your lender to check on your timeline and seek an experienced Realtor to go over your options.

To buy your first home start by contacting a mortgage lender (bank, credit union, or broker) to get pre-approved for a loan and learn about first-time homebuyer grant programs like those from IHDA. Second get in touch with a real estate agent who will help you with the search, offers, and negotiations.

In most states across the U.S the minimum age to purchase a property is 18 because that is the age where have the legal capacity to enter into binding contracts, which is necessary for a real estate transaction.