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Are you looking for a deal in real estate? Then you are undoubtedly interested in foreclosures. Buying a bank-owned home or property is really not too much different than buying real estate from a private individual, except that the bank’s specific forms, terms and conditions of the sale will in many cases supersede [...]
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We hear a lot about “foreclosures” and buyers and investors looking for “foreclosures” and real estate agents advertising “foreclosures.” In fact, what most of these people are referring to are REO (real estate owned ) properties, that is, real estate owned by the bank. These are properties that have actually gone through the legal foreclosure [...]
