Banks Hard money loan Inspection Title search 
Realty Biz
JUNE 20, 2023
Auctions often offer the best discounts but also carry the highest risk, as you usually cannot inspect the property beforehand. REOs: If a property does not sell at auction, it becomes a real estate-owned property, owned by the bank or lender. Inspect the Property: Always inspect a foreclosure before purchasing.
HomeLight
AUGUST 31, 2021
A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments. A home goes through several steps before the bank physically takes over the house and sells the property. Your real estate agent should be able to search for homes in pre-foreclosure. Bank-owned/REO sale.
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