When the economy collapsed in 2008, foreclosure became a fact of life for millions of Americans. Furthermore, over the years I have seen homes in the pre-foreclosure process that never get foreclosed on. Many times the mortgage gets paid up to date, or at least within the two most recent payments due, and the property emerges from the foreclosure process.
Foreclosure listing sources range from public notices in local newspapers and courthouse records, to premiere listing services such as which provide extensive nationwide listing of pre-foreclosures, bank foreclosures (REOs), for sale by owner, and for sale by realtor properties.
National Bank Owned Real Estate.Listings of bank homes,Bank lien property for sale some with views all must be sold at auction bank owned foreclosed houses,farms,condo,fixer uppers REO foreclosure homes government Liquidation ,lender service and more.
The biggest advantage to buying properties at the Sheriff’s sale is the high profit potential. The date of the sale is usually about 2 to 4 weeks after the borrower first received the Notice of Sale. The GLVAR reported declines in both new home sales and resales of existing homes last month.
The housing crisis forced 3.1 million American properties into foreclosure in 2008 alone, leaving behind a rash of abandoned homes and neighborhoods that have yet to be fully re-occupied. The borrower has the right to cure the default by bringing all payments current and paying any related foreclosure costs that the lender may have incurred.