How much should you offer for a foreclosed property?

Answer Many people think that buying foreclosures is easy and that they're available for pennies on the dollar. Not usually, on both counts. Consider variables such as damage, comparative sales, competing... Read More »

Top Q&A For: How much should you offer for a foreclosed prop...

What is foreclosed property?

Foreclosed property is real estate that has gone through foreclosure, a legal process in which real estate becomes the property of the lender who granted the loan to the buyer.FunctionProperty fore... Read More »

What happens after foreclosed property is sold?

Once a property has been sold at a foreclosure auction, the homeowner and purchaser of the foreclosure must follow certain criteria and guidelines. While these vary from one state to another in tim... Read More »

Who owns foreclosed property?

Foreclosed property belongs to the lender that initiated the foreclosure process. Lenders can include government departments, banks, private owners, and credit unions. After the foreclosure process... Read More »

How to Buy a Foreclosed Property with No Money Down?

Buying a foreclosed property can offer a sound investment opportunity. Since the previous property owner has made payments on the property, it is generally sold below market value. Researching fore... Read More »