Stated in Wikipedia that foreclosure is the legal proceeding in which a mortgagee, or other lien holder, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption.
Usually foreclosure is about to property and it’s related. There is a place that provides information about Free REO Foreclosures and Real Estate Owned Foreclosures.
Freeforeclosureblog.com is the place, there are several tips that could guide you to find the best property and fit with your fund, such as:
- Look from properties online without pictures, because no one else is interested in them and this is a great buying opportunity.
- Check every foreclosure website online by taking advantage of their Free Trial
- Research Short Sales, because this will be your biggest way to get a price reduction on a property.
Happy searching ;)
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