Purchase Foreclosed Homes
If you want to purchase a foreclosure home, be sure to know all the specifics before you even find a foreclosed home. (Foreclosure proceedings can be either in the courts or not, depending on the state laws.) The judicial type foreclosure process begins when the “Lis Pendens” is filed in the courts. A non-judicial foreclosure process is used in states where there is a Deed of Trust rather than a mortgage, and the foreclosure process begins with the lender schedules a foreclosure sale. In some states, the foreclosure home loan lender is not required to notify the borrower of initiating the foreclosure procedure. In Virginia for example, both in-court and out-of-court foreclosures take place; for the out-of-court proceeding, if no one bids on the home, the foreclosing lender wins. The property then becomes an REO (Real Estate Owned by the lender).
Find Foreclosed Homes
To find foreclosed homes, use our foreclosed property search process. It’s one of the most efficient methods to search foreclosure home listings. With our service, you can quickly zero in on the kind of foreclosure property you’re looking for and that includes ensuring you’re looking for all the right factors to make a great investment.
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So make your dream a reality! Contact us to get the smartest information to make your foreclosure investing successful. We’ll show you how!