A foreclosure list is an inventory of properties owned and possessed by the mortgagor after acquiring the same in auctions, default or through strict foreclosure from a mortgagor in default. In other words these are second hand properties for sale. Because of the 2008 housing meltdown, the effects of which is still being felt today, the foreclosure list of lenders, banks, realtors, etc. have certainly gotten longer. This article will provide a basic guide for buyers who are seriously considering buying a foreclosure property.
Foreclosure List: Buying Direct
A buyer who wants the ultimate bargain has to buy directly from the entity who owns the property. This way you do not pay the hefty fees of brokers and middlemen...Read More