Remove Equity Remove Hard money loan Remove Inspection Remove Title search
article thumbnail

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

HomeLight

This is different than a short sale because a pre-foreclosure seller usually still has equity in the house (meaning the home value is more than their mortgage balance). Plus, a physically foreclosed property will typically have its liens wiped out during the foreclosure process , so you know you’re typically getting a home with a clean title.