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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

Plus, a physically foreclosed property will typically have its liens wiped out during the foreclosure process , so you know you’re typically getting a home with a clean title. However, sites like Auction.com warn that traditional financing might be hard to obtain when buying one of their homes due to their condition.

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Cheap Investment Properties: How to Find Them?

Marco Santarelli

A structurally unsound building can quickly become a money pit, negating any initial cost savings. Factor in all costs: The purchase price is just the tip of the iceberg. Consider closing costs, potential renovations, carrying costs like property taxes, insurance, and potential vacancies.