Foreclosure For Sale Sold

The Truth About Bank Foreclosures

Investors usually want to buy properties directly from the bank. You will never hear of requests to make purchases directly from mortgage companies, savings and loans, or credit unions. Bank owned properties are extremely popular since it’s the bank you are borrowing the money from in the first place. In actuality, the title to your property is either held by a third party or pledged as a security for a loan, therefore, the bank does not really own the property.

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