Buy Foreclosures

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Buying a Foreclosure

Buying a home is not easy and there are many complexities involved. The housing market consists of both regular and bank owned homes. Understanding the complexities of buying a foreclosed property prior to searching for a home will eliminate much of the potential frustration. Learn more about the differences of foreclosed home purchases in this article.

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Bayview REO Foreclosure Listings

Bayview Loan Servicing is a national mortgage servicing company. When Bayview Loan Servicing forecloses on a property, they make it available on the open real estate market to interested buyers. Generally, this is done through a real estate listing broker that Bayview Loan Servicing utilizes to represent them. The listing agent lists the property in the local MLS system. In addition to the local MLS system, Bayview Loan Servicing maintains a public website of all their properties. You can learn more about the Bayview REO inventory by reading this article.

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Flagstar Bank Foreclosure Listings

Flagstar Bank is a large Michigan-based bank that originates mortgage loans in their 100+ bank brances. Flagstar Bank occasionally has foreclosed properties which they list on their website. Learn about Flagstar Bank and their foreclosed properties by reading this article.

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KeyBank Foreclosure Listings

Keybank is a regional bank located in Cleveland, Ohio. Keybank has over 1,000 branches and locations in 14 states. When mortgagors default, Keybank forecloses on the property. KeyBank has a separate wholly-owned subsidiary that manages their foreclosed (known as OREO) properties. You can find the details of KeyBank foreclosures online. Read more here.

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PNC Bank Foreclosure Listings

PNC Bank is a large regional bank with presence in 19 states. PNC Bank has a large number of foreclosed properties to sell due to their large mortgage origination and servicing business. The bank has an internal department known as Realty Services that manages the sale of these properties. Lists of the PNC Bank foreclosed homes are online and can be found at several websites. Read the article for more details.

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FI_Foreclosure

The Bank Foreclosure Guide: Introduction

Foreclosures are prevalent in today’s real estate economy. Despite the negative sentiment surrounding the foreclosure crisis, investors and homebuyers are profiting from the new real estate foreclosure environment. Foreclosures present a great opportunity to purchase property at a discount. Our site endeavors to provide you, the foreclosed home buyer, with information you can use as a tool in your buying process.

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