Remove Due diligence Remove Hard money loan Remove Real-estate owned Remove Sales
article thumbnail

A Comprehensive Guide to Finding the Best Foreclosures in Your Area

Realty Biz

However, it requires a sound strategy and due diligence to find the best deals. Understanding Foreclosures Foreclosure is a legal process where a lender attempts to recover the balance of a loan from a borrower who has stopped making payments. Alternatively, you may need to consider hard money loans or cash.

article thumbnail

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

HomeLight

“In small towns, they have their own newspaper. Durham says that in Georgia, foreclosures must be advertised for four weeks leading up to the sale. “If The title’s been checked out, you can go inside the house and look at it and do all your due diligence. That’s where people would put legal things like foreclosures.”.

article thumbnail

Flipping Houses in New York: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. I know a lot of people who were doing fix-and-flips through borrowing and bridge loans, but now, with high interest rates and more challenging timelines, it is not as successful.