Foreclosures

Foreclosures are properties that are slated to be sold at public auction. When a homeowner defaults on their home mortgage loan, the lender will often foreclose on the property and schedule it to be sold in order to reclaim the amount of the loan. Often, these properties are sold at auction for far below their normal market value, creating a great opportunity for investors and homebuyers alike to save lots of money on their next real estate purchase.

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