Buying a foreclosed home can be a good way to score a deal while hunting for real estate. A foreclosure is a house whose owners were unable to pay the mortgage or sell the property. As a result, the ...

"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." Buying a foreclosed home can be a great way to purchase a house at a discounted price, whether you’re ...

The housing market has been unusually hostile for a while now. High interest rates combined with low inventory have made it especially challenging for prospective buyers to get what they want/need in ...

Foreclosures occur when a lender takes back a property from an owner who has defaulted on their mortgage payments. Buying a foreclosed home can offer good value, but it also comes with a complicated ...

In February, the median existing home sale price rose to $357,300, per the National Association of Realtors, marking a 15% increase from a year prior. With property values soaring on a national level, ...

While you can find foreclosed properties for 5-10% below the market value, when you know where to look, you can find houses well below market value, sometimes in excess of 40%. Even when you invest in ...

It is possible to get another mortgage after going through foreclosure. You must generally observe a waiting period after foreclosure before receiving another mortgage. Waiting periods vary by loan ...

Foreclosed homes sold for an average of 28 percent less last year. March 4, 2011 — -- How would you like to knock tens of thousands of dollars off the price when you buy a home? You can do just ...

If you are looking to buy a home but concerned about the monthly payment, you could consider purchasing a home that is being foreclosed. What does this mean? What is the process? Let’s take a look.

Buying a foreclosed home is a little different from buying a typical resale property. • In many cases, only one real estate agent is involved. • The seller wants a preapproval letter from a lender ...