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The Different Types Of Foreclosed Homes For Sale

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Jennifer Bryant has made more than 30 offers on houses, mostly from her cellphone, in many cases without viewing the property. Even if you’ve got a good job and a great credit score , financing a foreclosed home can be extremely difficult. Another way to buy cheap foreclosed homes is targeting homes that are within the locality which may seem to be in bad shape but only require some basic renovation to look great.

The bank has a level of insurance in low-or-no down payment homes (PMI), which covers the purchase price if the owner defauilts. If the first lien holder (now title-holder) sells for MORE than what was bid at the Sheriff’s sale (AFTER REDEMPTION)… the profit is THEIRS and does not have to be shared with any junior lien holders.

In front of a county courthouse in Corona, about 80 bidders with lawn chairs sit in the shade …

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