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Buying A Foreclosed Home In 6 Steps

Quicken Loans

Buying At An Auction. The traditional way to buy a foreclosed home is at a real estate auction. At an auction, third-party trustees run a sale of homes that banks or lenders have taken ownership of after the original homeowners defaulted on their mortgage loans. A home bought at auction might require expensive repairs.

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What Is a Foreclosure and How Does it Work?

Quicken Loans

That’s why many home buyers turn to foreclosed homes in hopes of getting more space in a better area and with a much lower price tag. If the homeowner cannot sell the home in a short sale, make up the late payments, or pursue a deed in lieu of foreclosure, the home will then go to public auction. Stage 4: Auction.

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Countdown to Vegas!

Magnusson Group

and my fearless 89-year old mother is tagging along just to use up some air miles! You’ll likely find some of us at Sotheby’s Picasso Auction at the Bellagio on Saturday. My partner’s psyched to play golf and check out the Mob Museum. Hey, we’re from New Jersey; we know a Tony Soprano or two! ….and

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Desktop Appraisals: Who, When, and Why

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, using new construction comps for existing homes, master planned communities, unusual homes, mortgage origination stats, etc. Thanks to Tom for writing this blog post. Read on blog www.appraisaltoday.com/blog Posted by noon Friday.