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How To Buy Foreclosed House

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Buying a foreclosure (FCL) house is often touted as a way for both owner-occupants and investors to obtain a great deal on a property. However, the potential financial rewards don’t come without.

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4 Ways to Buy Foreclosure Homes for Sale – wikiHow – You’re on the market for a new home when you think, "Why not a foreclosure?" Foreclosed homes are usually cheaper than traditional listings, and there will be plenty of inventory when the economy tanks.

One of the trickiest aspects to buying during this stage of foreclosure is finding properties. That’s because some of these houses are not yet on the market. Start your search by looking on Zillow for pre-foreclosures. This information is free after you register with a free account. Or, check your local newspaper for foreclosure notices.