How to Buy a Foreclosed Home: The Ultimate Step-by-Step Guide
Redfin
MARCH 4, 2025
Government-owned properties Some mortgages are government-backed, like VA loans and FHA loans. If a buyer with a government-backed loan goes into foreclosure, the government will take control of the property. Preforeclosures A preforeclosure is a home that is in the beginning stages of foreclosure.
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