Friday, March 16, 2012

Five Things to Consider When Purchasing Foreclosed Properties in a Tax Sale

Factors to Consider when Buying Foreclosed Properties Since the recent collapse of the housing bubble in the United States, the number of foreclosed homes has grown exponentially. The ownership of foreclosed property has reverted back to the bank or lending institution if the owner defaulted on the mortgage; or the ownership has been transferred to the local tax jurisdiction if the owner did not or could pay the delinquent property taxes. Under either condition, the advantages of purchasing

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