The REO Guide: 10 Steps to Buying a Bank-Owned Home
PennyMac
DECEMBER 22, 2020
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. If you are expected to do so yourself, hire a title company to run a full, insured title search before closing the deal.
69 
Let's personalize your content