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The Risks Involved in Buying an REO

money 5 300x236 The Risks Involved in Buying an REO Frequently such REO sales are as is. This means that no matter what problems the property has, they’re yours. Further, the lender may not know what those problems are—hence, you won’t get much from the seller’s disclosures. [Read more...]

The Foreclosure Opportunity

Foreclosure1 300x225 The Foreclosure Opportunity The foreclosure process offers different opportunities at different times in the process . . . and different risks as well. In order to understand when you can buy and what the stakes are, it’s important to understand the process. [Read more...]

Buying Foreclosure Part 1

mortgage 1 300x190 Buying Foreclosure Part 1Whenever the real estate market cools down a bit, home buyers begin wondering if they should look into purchasing a foreclosure. (A foreclosure is a property that the owner has lost, or is losing, to a lender such as a bank.) Foreclosures have the reputation of being great deals—you pay less for the property and sometimes can get smaller monthly payments. [Read more...]