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Buying foreclosed homes soared in popularity during the Great Recession as a wave of foreclosures hit the market and drove down prices nationwide.
By Brendon DeSimone These are trying times for many homeowners. Walk away from a mortgage? Something that was unthinkable and morally offensive 10 years ago is now an option many people are choosing.
Properties foreclosed in Q2 of 2024 averaged 815 days in the process, according to ATTOM’s Midyear 2024 U.S. Foreclosure Market Report. The report also highlights the states with the longest ...
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Foreclosure by judicial sale, commonly called judicial foreclosure, involves the sale of the mortgaged property under the supervision of a court. The proceeds go first to satisfy the mortgage, then other lien holders, and finally the mortgagor/borrower if any proceeds are left.
Foreclosed homes often come with a variety of repair and financial issues that can add up to major expenses. Before starting your property search, make Hidden costs of buying foreclosed properties