Are you interested in profiting from the growing number of mortgage borrowers who cannot pay their bills? If so, don't only examine foreclosures, but short sales too. Short sale properties are ones that will enter into foreclosure soon. Before that happens, mortgage lenders agree to sell the property for less than the outstanding mortgage due. They do this to move the process along, get a percentage of their money right away, and avoid costly and lengthy foreclosure proceedings.
The Pros and Cons of Buying Foreclosure Short Sales
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