Buying on the Courthouse Steps

Property frequently "bought" back by the lender

Foreclosure:

procedure whereby property pledged as security for a debt is sold to pay the debt in event of default in payments or terms.

REO

"Real Estate Owned" property is now owned by bank and has gone thru the foreclosure process.

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• Terminology (foreclosure)
• Important links for Homeowners with loan difficulties.

Featured Videos:

	Buying Distressed Properties
	Buying Foreclosure Properties