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The Facts about Buying a Foreclosed Home
What is a foreclosed property?
Foreclosure is the process by which a lender or bank repossesses a home from the owner, resulting from the owner failing to make payments on the home loan. Foreclosed homes are often billed as "bank owned homes," as the home has been repossessed by the bank through the foreclosure process.
How does purchasing a foreclosed home differ from purchasing a non-foreclosure?
Foreclosed home purchases generally have longer closing periods and require additional paperwork to release the home from the bank. If homes are priced below market value, multiple offers are generally submitted and purchasing the foreclosure becomes more competitive. Enter your zip code and hit the "Search Foreclosures" button to find listings in your area. Receive property listings by email or phone.
Canada Foreclosed Home Buyer Services:
Search Canadian foreclosure listings and compare foreclosures for sale - we have all the home buyer real estate tools you need. Sort Canada foreclosure home listings by bedrooms, bathrooms, home price and more. See pictures, satellite maps and virtual tours of foreclosed properties for sale. Get all the facts you need before you buy a home in Canada.
Are you searching for a real estate agent to assist with purchasing a foreclosed home in Canada? In addition to providing foreclosure home listings for Canada properties, you"ll have an option to connect with a real estate agent who can assist you with your purchase.
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