Real Estate Foreclosures
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.
Every state has its own foreclosure process. A foreclosure is usually the result of a person’s inability to make timely payments on the mortgage he/she has taken out for a property. Because of a foreclosure, people lose their homes and eventually the bank becomes the owner of their property. Understanding the foreclosure process will allow you the ability to target your purchase strategy for bank owned homes.