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☆ How to Buy a Foreclosed Home: A Step-by-Step Guide
  + stars: | 2024-07-22 | by ( Molly Grace | Aly J. Yale | Sarah Silbert | ) www.businessinsider.com   time to read: +11 min
You can find foreclosed properties for sale on online listing sites or in your local newspaper. Often, you can browse foreclosed properties in your area using the same methods you would to buy a regular home, such as online listing sites like Zillow. Foreclosed properties owned by the government-sponsored enterprises Fannie Mae and Freddie Mac can also be found online. Fannie Mae's program for Fannie-owned foreclosed properties is called HomePath, while Freddie Mac's is called HomeSteps. Just be prepared for repair costs, as many foreclosed properties need significant updates before they're habitable.
Persons: they're, they'd, Fannie Mae, Freddie Mac, Fannie Mae's, Freddie Mac's, you'd, Kofi Nartey, it's Organizations: Fannie, HUD, REO Locations: Chevron
☆ What you need to know if you're considering buying a foreclosure
  + stars: | 2022-12-27 | by ( Molly Grace | Mortgage Reporter | Read More | ) www.businessinsider.com   time to read: +14 min
If you're thinking about buying a foreclosed home, here's everything you'll need to know. With a short sale, you'll be buying the home from the owner, but the lender will need to agree to the amount. It depends on the type of foreclosure you're buying. If you're buying a foreclosure at auction, you'll need to attend the auction and make a high enough bid to get the home. If you're considering buying a foreclosure, you need to be prepared to do a lot of research and learn everything you can about the process.
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