Things to Consider When Buying a Foreclosed Property
Foreclosed properties can be a great way to buy a home at a low price but it’s not for everyone. Here are some things to consider:
Attending and buying a home through a foreclosure auction is best left to professionals - there can be a lot of risk.
REO or Bank owned property
REO or real estate owned simply means that the bank is in possession of the property through a foreclosure process.
What can you do to help make the process easier?
Norma Karle is a REALTOR with Berkshire Hathaway HomeServices Verani Realty. Norma services buyers and sellers throughout Central and Southern NH.
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