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How To Find Out Who Owns A Foreclosed Home

 · If you’re interested in trying to save money by buying a foreclosed home, half the battle is finding the listings. Oh, they’re out there. Roughly a quarter of the homes on the market right now are.

Learn the top five pitfalls of buying a foreclosed house, and find out if the foreclosed property you’re eyeing is truly a good deal.

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If the home happens to be in foreclosure, this is the information you can find out in your property search. You can find out who owns a property by going to the county offices where property records are kept. This can be city hall, the county courthouse or the county recorder’s office. There you can find property deeds or perhaps encumbrances.

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A property might be in the pre-foreclosure process or the bank might have started the foreclosure process on a property, but that does not mean the property is a foreclosure until a judge has made a.

A HUD home is a 1-to-4 unit residential property acquired by HUD as a result of a foreclosure action on an fha-insured mortgage. hud becomes the property owner and offers it for sale to recover the loss on the foreclosure claim. The following information is provided as an introduction to the process through which HUD homes can be purchased.

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“Some weren’t well-cared for at all, but others had updated kitchens and baths that the owners had put in before they couldn’t afford to keep the home. Our goal was to find. Foreclosure buyers must.

 · If the foreclosed home doesn’t sell at auction, the lender takes possession of the property, at which time it becomes real estate owned (REO). The lender will attempt to sell REO properties by listing them for sale with a local real estate agent or at a liquidation auction. When it’s a Good Idea to Buy a Foreclosed Home

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