home foreclosure

Is It Good To Buy A Foreclosed Home?

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Is It Good To Buy A Foreclosed Home? The main benefit of purchasing a foreclosed home is savings. Depending on market conditions, you can purchase a foreclosed home for considerably less than you’d pay for comparable, non-foreclosed homes. The main risks come from the degree to which a foreclosed property can be a mystery to

What Happens After The Bank Foreclosure On Your House?

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What Happens After The Bank Foreclosure On Your House? Foreclosure actions can wipe out some of the property owner’s debt, such as the original mortgage, home equity loans and second mortgages. If the proceeds of the foreclosure don’t cover all the costs of your second mortgage or other home equity loans, you are still obligated