How to Buy a Foreclosed Home: The Ultimate Step-by-Step Guide
Redfin
MARCH 4, 2025
Investors may see foreclosure purchases as an opportunity to renovate and resell for a profit, while homebuyers may find a house they wouldnt otherwise be able to afford. If the auction accepts financing, make sure you have a pre-approval ready. Short sales A short sale is not the same as a foreclosure or a pre-foreclosure.
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