Are Foreclosures Worth It?

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Are Foreclosures Worth It?
Foreclosure Traps to Avoid You'll find the lowest prices for foreclosed homes by buying them at auction. ... A safer choice is to buy homes that are owned by a bank. These properties, often referred to as REO or real-estate owned homes, have already been through the foreclosure process, with banks having taken them over.

Reference:
Is Buying a Foreclosed Home Ever a Good Idea? - Wise Bread
Mar 18, 2016

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