How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties
HomeLight
AUGUST 31, 2021
They’ll put the house up for auction either in a sheriff’s or public trustee sale (the name depends on what foreclosure process your state follows). Bank-Owned or REO: If a home doesn’t sell at auction, it becomes a real-estate owned home , meaning the bank or lender officially owns it. Short sale.
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