How Do You Understand Different Types Of Foreclosures?
All foreclosures are not alike. Home sellers, as well as prospective home buyers, that are interested in selling or purchasing foreclosed homes need to understand different types of foreclosure properties. In the steps below, I will show you the 3 types of foreclosed properties that you may come across. You can create an online income from home with the business opportunity that is listed in my Resources below this article. Understand pre-foreclosures – Pre-foreclosures could be homes on which the owner has not made mortgage payments in a while but are still in their possession or they can be properties already taken by a lender and not yet available on the market. Get familiar with auction foreclosures – These are generally homes that are bank owned and sold at auction to the highest bidder. Previously, small groups of investors would dominate these types of auctions. These days, individual home buyers are attending these auctions as well. Get to know about listed foreclosures – These
