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How To Buy A Foreclosure | Real Estate Investing | Blog – It is possible to buy a home before the foreclosure is finalized and the homeowner is kicked out. Buying a property during this period known as "pre-foreclosure" is a common technique used by many real estate investors and can be a good way to find motivated homeowners.
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Foreclosure hangover: How the 2008 crisis created a new class of renter – Meanwhile, families who once owned their homes but lost them to foreclosure were forced into renting – and thanks to ruined credit and high prices, many still haven’t been able to buy again. As a.
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5 Mistakes to Avoid When Buying a Foreclosure – Foreclosure laws and regulations are tricky, and they vary from state to state. Don’t rely on your real estate agent for legal advice; be prepared to consult with a local real estate attorney who understands how these purchases work. 3. Know your stuff. Know how much you can spend. Know the neighborhood where you want to buy. Know the process.