Some people like the idea of buying a foreclosure but don't actually enjoy the experience of buying one. A lot of investors and bargain-hunting homebuyers tell me that they want to buy a foreclosure. I ask, "Why do you want a foreclosure?" A common response...
I hear a number of people, from investors to agents to sellers, mix up these terms and situations. I will clarify the meanings while providing some insights on how to buy each. Definitions Short Sale (per REALTOR® Magazine): A short sale occurs when the net proceeds from the...
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