5 Ways To Buy A Foreclosed Home

The the continued stream of homes foreclosures in the United States is providing homebuyers and investors with plenty of real estate deals. Most foreclosures are sold at 5% below the market value, with even greater discounts in certain regions. Buyers can also take advantage of additional savings with perks like reduced down payments, lower interest rates or the elimination of appraisal fees and certain closing costs. Foreclosed homes are available in virtually every real estate market across the country, and can be an option for individuals, families and investors looking for a property. Foreclosure sales can take place in a variety of ways; here are five of the ways to buy a foreclosed property. (If you want to save your home, avoid bogus offers and take matters into your own hands. Check out Avoiding Foreclosure Scams.)

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