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Buying a Foreclosed Home: How a Foreclosure Sale Works

Posted by: Jordan Pickering on Sunday, February 24, 2019 at 6:00:00 am Comments (0)

Buying a foreclosed home can be a good way to score a deal while hunting for real estate. A foreclosure is a house whose owners were unable to pay the mortgage or sell the property. As a result, the real estate lender assumed ownership and is now trying to sell it to recoup some of its costs.