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Is there a law against buying back your own foreclosed home on the cheap during an auction? Visit Bankrate.com to discover the answer and other real estate tips.
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Banks are in business to make money, so they price their homes competitively. Some REOs are discounted because of severe damage or location, while others .
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Search foreclosures, bank-owned homes, real estate-owned (REO) homes, and short sales on. Find an agent that can help you buy a foreclosure in your area.
When you combine this fact with the high number of foreclosed homes on the market today, you can see why foreclosure-buying fever has swept the country. But this is not the kind of process you want to rush into. Before you attempt to buy a foreclosure home, you need to understand the process that occurs when a bank forecloses on a house.
Buying a Foreclosed Home | DaveRamsey.com – Find expert agents to help you buy your home. Now, there are two types of foreclosed homes: Bank-Owned and Real Estate Owned (REO). It's kind of confusing.