foreclosed home buying guide

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What military buyer wouldn’t want to shave more than a third off the price of a home? Distressed properties sold at an almost 37 percent discount in March 2017, according to RealtyTrac.Fortunately for cash-conscious military buyers, VA loans can be used to purchase foreclosure or short sale properties if the property meets the VA home loan guidelines set by the Department of Veterans Affairs.

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Buying a Foreclosed Home: A Step-by-Step Guide | LendingTree – After a lengthy foreclosure process, the lender seizes the property, evicts the homeowner, and sells the home. At that point, the repossessed home is referred to as a "foreclosed property.". There are several reasons buyers are drawn to foreclosed properties, which we’ll cover later in this guide.

Would-be buyers who haven’t done their homework can make costly mistakes. zillow polled some real estate agents to learn about the most common mistakes they see when it comes to buying foreclosure properties. Here are their tips to help you avoid costly blunders.

SALT LAKE CITY – The number of people looking to buy homes in Utah is on the rise. People looking at buying a foreclosed home as a "fixer-upper" need to look out for some potential pitfalls. If the.

Buying a foreclosed home can score you a great deal and be a smoother. Before you dive in, though, here are some steps to help you.

Rate of foreclosures is one area in which the Garden State would rather not be ranked No. 1. So a bipartisan bill package was signed into law by Gov. Phil Murphy intended to help New Jerseyans stay in.

Buying foreclosed properties, fixing them up, and selling them looks easy on TV, but in reality, it’s a more complicated process than most people think. Here’s how to buy a foreclosed house and actually make a profit.

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Buying a foreclosed home is all about getting a great deal. The typical foreclosed home sells for significantly less than it would have if it were sold under normal circumstances.. In most cases, the bank is just trying to pay for what remains on the home’s loan.

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