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What is the process for purchasing Foreclosed Homes?

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What is the process for purchasing Foreclosed Homes?

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• If you know of particular neighborhoods or even specific properties that you have high interest in and have some knowledge of possible loan default , the first step that you can take is to visit county recorder sites online. All documents attached to any type of real estate transaction, the county recorder stores. There you can find names, addresses, phone numbers and other information concerning properties in default. The initial foreclosure document, which in most states is either the Notice of Default or Lis Pendens, holds this information and can’t be given out by county recorders directly but information can be found online on the county recorder websites. Or You could find foreclosure listings online through listing sites maintained by companies contracted with the government agencies that are foreclosing on the properties. There are several sites to search on that have numerous foreclosed property listings. • Find a real estate agent or broker. If you would like additional hel

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