i also don’t really get “foreclosed” i’m guessing it means they’ve missed mortgage payments?
Edit: thanks everyone, lots of good info here!
In: 4
Lots of good info here on buying homes foreclosed by banks. Properties can also be foreclosed by governments due to unpaid taxes. You go to the courthouse steps on auction days, shout the highest number, cut a big check, and get the deed. It’s pretty risky, because the property may not be in livable condition.
Latest Answers