Photo by Alex D'Alessio on Unsplash Purchasing a foreclosure property is a great opportunity to own a home at an extremely affordable price. While many people successfully buy foreclosed homes and are happy with their decision, before making this large financial commitment, it’s a good idea to understand what you might be walking into—before you buy. Homeowner Left...

Photo by Alexander Stein via PixabayIf a home is in foreclosure, you can buy it for less. Great deal, right? It can be, but there are pitfalls, and you need even more caution than in a regular real estate transaction. Stages of Foreclosure Foreclosure can take months or even years depending on the regulations of the specific state,...

Image by Steve Heap from Shutterstock An active housing market has reduced the number of foreclosed homes in inventory, but there will always be foreclosed homes available to purchase. Many buyers are not aware of what to expect when purchasing a foreclosure. Here are some home truths about buying a distressed home. You’re not always getting a deal....