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  2. Bill McMachen of Michigan Buys Hundreds of Foreclosed ... - AOL

    www.aol.com/news/2012-08-03-bill-mcmachen...

    'This Is Crazy': Company Snatches Condos from Owners 90% of Bank-Owned Homes Held Off Market, Estimates Suggest ... Find homes for sale in your area. Find foreclosures in your area. Find homes for ...

  3. 'This Is Crazy': Company Snatches Condos From Owners - AOL

    www.aol.com/news/2012-06-27-this-is-crazy...

    "By buying the 89 percent of the units at the foreclosure sale last year, [Timochenko] acquired all of the units and all of the votes he needed to approve a termination," explains Tom Beaver, an ...

  4. 5 things you need to know before bidding on a condo auction ...

    www.aol.com/news/2010-08-30-5-things-you-need-to...

    We've all seen and heard of foreclosed condos selling for less than a late-model, mid-range car. From $5,000 units in Detroit to $30,000 units in Sacramento, Calif., it seems like buying one of ...

  5. Title search - Wikipedia

    en.wikipedia.org/wiki/Title_search

    A foreclosure guarantee is a type of report (e.g. trustees sale guarantee, judicial foreclosure guarantee and litigation guarantee) that is used mainly for foreclosing an encumbrance (or a lien) in a certain property. The title searcher will perform a full coverage search to the property in default and a search for the addresses of the lien ...

  6. Foreclosure investment - Wikipedia

    en.wikipedia.org/wiki/Foreclosure_investment

    Foreclosure investment refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property.. In real estate, foreclosure is the termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage.

  7. Real estate owned - Wikipedia

    en.wikipedia.org/wiki/Real_estate_owned

    REO sale property in San Diego, California. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]