Legalized Theft!

A sheriff’s sale (or auction) comes at the end of the foreclosure process when the defaulting homeowner can’t repair his financial problems with the lender. When going through the foreclosed homes, you can always negotiate for lesser interest rates, lower down payments, and discounts in its overall rate. If getting the home inspected, make sure the electricity and water are turned on. If the bank has foreclosed on the home, it is likely they have turned off these utilities that are necessary for a proper home inspection.foreclosed homesforeclosed homes

The main rationale behind the foreclosure is recovery of the debt which is done in an auction sale by inviting bidders. Purchasing a short sale property is in most regards the same as a traditional purchase, but the language in the contracts will differ, specifying that the terms are subject to the lender’s approval.

You need to do plenty of research on the …