In most cases the lender is the one who buys the property on the courthouse steps. After all, it has the full value of the mortgage (plus back interest and penalties) to apply to the purchase price. [Read more...]
Buying from the Lender
June 17, 2012 By Leave a Comment
Buying on the Courthouse Steps
June 13, 2012 By Leave a Comment
The second opportunity to buy a property in foreclosure is when the court or the trustee sells it to the highest bidder “on the courthouse steps.” (Don’t laugh; many times this is quite literal—the deal is done on the steps.) [Read more...]
The Foreclosure Opportunity
May 20, 2012 By Leave a Comment
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...]
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