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Articles Tagged ‘Buying Foreclosures’

Comments Off on Why Banks Foreclose On Homes?

Why Banks Foreclose On Homes?

If you’re a first time home buyer, you may not understand why banks  foreclose on homes. While the term might be familiar in terms of hearing it in other people’s conversations, sometimes the meaning can be a bit muddled. Basically, a foreclosure occurs when the homeowner defaults on the payments and the bank takes [...]
Comments Off on Three Things to Look for in a Foreclosure Listing

Three Things to Look for in a Foreclosure Listing

Foreclosures present a tantalizing option for real estate investors. The prospect of finding a pristine property competitively priced because of a down market makes many speculators salivate. The unfortunate reality is that many foreclosures are not fit for purchase, let alone investment or resale. The down market provides some opportunities for people looking [...]