Buying a Foreclosure

Fixed Home

Repaired Foreclosures

Some banks repair their foreclosure assets prior to selling them. Not all foreclosures are in poor condition. Learn more about repaired foreclosures for sale and which banks are most likely to do the work prior to sale.

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Foreclosure Sales: The Parties Involved

Sales of foreclosed homes involve more parties than a traditional real estate transaction.  Let’s take a look at the most simple of real estate transactions.  If you were buying a friends home, there would be two individuals involved in the sale:  you (the buyer) and your friend (the seller).  You would negotiate a price and […]

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Foreclosure Asset Managers

Isn’t an Asset Manager the person you use to help manage your money?  Well, not in the foreclosure business. An asset management company in the foreclosure business is a company that the owner of the foreclosed property hires to basically do all the work in selling a foreclosed asset.  The asset management company is a […]

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zombie foreclosures

What is Zombie Foreclosure?

Zombie foreclosures…no, these are not foreclosed homes where the undead live. Zombie foreclosures are homes that the former owner has vacated but the bank has not yet taken title.  Often, the former homeowner does not even know they still own the property.  Until the bank completes the foreclosure, the homeowner definitely does still own the […]

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What is shadow inventory?

If you listen to the media at all, you probably have heard the term “shadow inventory” when referring to the housing crisis or bank foreclosures.  Shadow inventory is a vague term and is often referred to in billions of dollars.  What is the shadow inventory? Investorpedia describes shadow inventory as…. A term that refers to […]

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Top 5 tips for buying a PNC Bank foreclosure

Interested in buying a foreclosure from PNC Bank? PNC Bank foreclosures are a good source of foreclosure deals. Here are five tips for buying a property from PNC Bank.

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Foreclosure versus Short Sale: What’s the difference?

Foreclosure sales are different than short sale transactions. A short sale occurs when the mortgage holder is still in control of the property. Short sales can be a good source of default properties. Understand how short sales are different than foreclosure sales.

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Five Things To Remember When Buying A Foreclosure

Foreclosures are abundant in today’s real estate market. Bank owned homes often represent an awesome opportunity to purchase property well below market value. Foreclosure listings are a distressed sale and require special considerations. Buying a foreclosure can be seeded with risk. Taking these simple steps can help eliminate that risk and secure a deal on a foreclosure.

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