pre-foreclosure

The basics of buying a foreclosed home

May 12, 2009 - 11:50pm | Analytics | Articles
The basics of buying a foreclosed home

The current market conditions make it a great time for investors to purchase a foreclosed property for private residence, rental or flip. Buyers can save anywhere between 10% and 40% off the market value, but some homes need repair. 

Foreclosure numbers are growing every day. There are about 120 million homes in the U.S., and 4% of them, or 4.8 million, are facing foreclosure.


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