Buying Foreclosed Properties
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Buying a House in Preforeclosure
There's a narrow window of opportunity in which one might buy a property from a homeowner in financial distress before actual foreclosure proceedings have occurred.
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Buying a Foreclosed Home as a Rental Property
With so many foreclosures on the market, it's tempting to think about buying one to rent out. Here are some things to think about before you decide to buy.
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When a bank owns a foreclosed-upon property, it's referred to as "Real Estate Owned," or REO.
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