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How to Buy a House at an Auction Without Having Cash

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But the reality of buying a house at auction typically means you’ll need lots of money in the bank (like, enough to purchase the thing outright), and that can be enough to bring your foreclosure auction dreams crashing back down to earth. And one of the biggest differences is that auction sales are almost always for cash.

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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

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The bank will then list the property on the market and try to sell the home in a similar fashion to your average property. Distressed sales accounted for just 1% of all home sales in April 2021. Let’s take a look at the most common foreclosure sales and how they work. Short sale. What is a foreclosed home?

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How do Foreclosure Auctions Work? How to Find Properties, Research, and Bid

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The purpose of the foreclosure auction is to recoup money for missed mortgage payments or tax liens. The purpose of the foreclosure auction is to recoup money for missed mortgage payments or tax liens. To help collect this money, the home is listed at a foreclosure auction where it’s bid on and (ideally) won.

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A 2023 Guide to Flipping Houses in California: 5 Cities to Consider

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the California housing market is seeing a decline in prices, and that decline will likely continue in 2023. the California housing market is seeing a decline in prices, and that decline will likely continue in 2023. DISCLAIMER: This article is meant for educational purposes only and is not intended to be financial or legal advice.

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Flipping Houses in Ohio? 5 Cities to Consider

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After all, someone needs to buy that house you’ve just renovated , and your chances of a quick sale — at a desirable price — are much higher in a location where people want to live. Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit.

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A 2023 Guide to Flipping Houses in Georgia: 5 Cities to Consider

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To learn more about flipping houses in Georgia, we’re talking to Savannah-based real estate agent Jay Mills, a listings specialist with the Hupman Group , to get his perspective on what’s happening in his market. DISCLAIMER: This article is meant for educational purposes only and is not intended to be financial or legal advice.

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Flipping Houses in Massachusetts: 5 Cities to Consider

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After all, someone needs to buy that house you’ve just renovated , and your chances of a quick sale — at a desirable price — are much higher in a location where people want to live. Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit.