The Secrets Of Buying Foreclosed Properties

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Here are the 5 most overlooked secrets in buying a foreclosed property that trip people up. 1. The Agent. The key to finding a great foreclosure is your agent. She has the contacts at banks that make these deals work. It’s critically important to select an agent who works exclusively with distressed properties like foreclosures and short sales.

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However, this week I was served with papers for foreclosure. policy when they buy a home. It has been six years since your purchase and you are only now finding out about a problem with the prior.

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Six Secrets For Buying An Occupied Property. While these stories may sound frightening, they shouldn’t scare you away. You can often buy foreclosure or bank-owned properties for much less than they are worth and with a little work, you can earn a nice return on your investment or build equity for the future.

Find a real estate agent versed in the complexities of the foreclosure market. Whether you’re looking at a pre-foreclosure, short sale or bank-owned property, you’re going to need the guidance of a professional who has a background in buying and selling these types of properties in your local market.

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The 7 Secrets of Buying Foreclosures. At RealtyTrac, we’re passionate about helping you find the best real estate deals. Foreclosures can be tricky, so we’ve created an educational video series to help you learn more about the benefits and pitfalls of buying distressed properties.