How To Buy Foreclosure

Image via Wikipedia

If you’ve been following this foreclosure blog last week we discussed what scenarios have to occur before a house is considered foreclosed and before it’s available at foreclosure auctions.  Now we need to discuss how to locate these homes before they make it to auction.  Being prepared before the foreclosure auctions occur will [...]

This is part one of a five part series explaining everything you ever wanted to know about foreclosure auctions  and how to proceed with finding and purchasing one.

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You may have heard the term reo foreclosure but weren’t quite sure how it was different from any other type of foreclosure.  Well  REO stands for Real Estate Owned, or to be even clearer,  real estate owned by the bank.
Normally when a buyer fails to pay the mortgage on their home [...]