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Purchasing & Developing Land - Part 2 - The Process of Purchasing Land

Eppraisal

In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership. If the owners are trying to sell by means of their own resources -- a sign or classified advertisement, say -- it is still wise to keep a buyer's agent on hand.

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The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

The lender initiates legal proceedings against the borrower to foreclose on the property. The property is then offered to the public at a foreclosure auction and typically sold to the highest bidder. Real estate agent: A real estate agent will be able to find REO offerings from multiple lenders in your desired area.