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How does buying a foreclosure property differ from buying a property sold by an individual owner?

April 26, 2017buying differ foreclosure individual owner Property sold

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How does buying a foreclosure property differ from buying a property sold by an individual owner?

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Buyers who purchase foreclosure properties go through the same buying process as buyers who purchase non-foreclosure properties do. However, foreclosure properties do take a little bit longer to close, often have strict deadlines and there is generally much more paperwork involved.