If a homeowner defaults on his mortgage long enough, the lender may send the home to auction. This final step in the foreclosure process sells the home to the highest bidder. The process takes a long time and is risky for buyers, but it can work out for everyone in the end.Get Matched with a Lender, Click Here.Just how does it work? Keep reading to find out. Defaulting … [Read more...] about Understanding House Auctions
Buying a foreclosed home could net you a great deal. But is it risky?It depends on the situation. Some foreclosed homes are ideal. They are in great condition and were just a circumstance of bad luck. Others aren’t so pretty. They are in complete disrepair, won’t pass an appraisal, and need a ton of work.Get Matched with a Lender, Click Here.Keep reading to learn … [Read more...] about Is it Risky to Buy a Foreclosed Home?
Finding foreclosure auction results requires a little ‘detective work’ on your part. There isn’t a specific list published that shows you the results. Instead, you have to do the legwork to find out the results of particular auctions.Get Matched with a Lender, Click Here.The only exception to this rule pertains to states/counties that publish the results of auctions in … [Read more...] about How to Find Foreclosure Auction Results in Your County
If you're looking for an affordable property to buy, you can take a look at pre-foreclosure homes for sale. To many, buying a pre-foreclosure property is a pretty good deal.However, a buyer must look at both the potential benefits and pitfalls of purchasing this property before inking on the dotted lines. What is a pre-foreclosure? In the foreclosure process, the borrower … [Read more...] about Is it Wise to Buy a Pre-Foreclosure Property?
Losing your home due to a foreclosure doesn't only mean damage to your finances and assets, it also has devastating effects on your whole being.While a foreclosure can hurt, it doesn't have to affect you forever. Recovering from foreclosure can take a while. So, while you are in the process of recovery, use it as a leverage to become a better homeowner. Living Through a … [Read more...] about Recovering From a Home Foreclosure