How Do You Buy Repossessed Real Estate?
A repossessed property is a property taken from an owner by the lender, usually because the owner could no longer make payments on the property. These properties usually sell for 10 to 20 percent less than other properties, so you can get more real estate for the money. In exchange for this bargain, you must do some extra work and take on some additional risk. Find repossessed real estate available for sale. Check local newspapers frequently for advertisements for this property. You can also call local lenders to ask whether they have repossessed property and how you can get information on the properties. A list of these properties is generally posted in the county courthouse. Use a website to get real estate listings for repossessed real estate. Many websites, such as Bank Foreclosures Sale and Foreclosure.com, provide listings for repossessed real estate across the country. Most of these websites charge a fee to view the full listings. Get a real estate agent. Although you won’t be b
