Archive for February, 2008
Why Buy a Home in Foreclosure?
Saturday, February 23rd, 2008Foreclosure is what happens when a buyer can no longer afford to pay on their home loan. When this happens, the property gets repossessed for the amount that could not be paid on the loan. At the point of foreclosure the bank or financial institution has possession of the property and usually deals with it in one of four ways. Ownership is moved to the lender. Most of the time, when the lender Read More This Post
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