How to Buy a Foreclosed Home | Mortgages
Key Takeaways Foreclosed homes can seem like a great opportunity to save money on a home purchase, but be sure to investigate so you understand the risks. There are a few different ways to purchase a foreclosed home including a short sale, at auction, buying from the bank or buying from the government. Buying a foreclosed home is risky since you're purchasing the home "as is," and that can entail additional costs down the line. According to U.S. Foreclosure Market Reports, foreclosures are steadily increasing and are nearing pre-pandemic levels....