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

HomeLight

We talked with veteran real estate agents with a combined 30-plus years working with foreclosures to bring you a comprehensive guide to the often confusing world of distressed properties. A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments.

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

HomeLight

John Durham is a successful real estate agent in Henry County, Georgia, and has purchased homes at auction for 16 out of 20 years of his career as a real estate agent. The purpose of the foreclosure auction is to recoup money for missed mortgage payments or tax liens. Figure out your financing.

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Flipping Houses in New York: 5 Cities to Consider

HomeLight

Even if something went wrong, you likely wouldn’t end up losing money. Financing your flip in New York Purchasing a home to flip with cash is almost always going to be in your best interest — however, not all investors have that kind of funding. Disclaimer : As always, there are benefits and drawbacks to each financing option.