Foreclosure vs Short Sale
If you’re thinking about buying foreclose homes and haven’t learned about buying short sale homes maybe you chould look into it before you decide. When you buy a short sale home you are usually working with the homeowner before the bank has started the foreclosure process. This is often where the best deals are made and where everyone pretty much gets what they want. The owner has the chance to get out before their credit is ruined, the banks avoid the costs of foreclosing and you stand a chance of getting a home in good shape for far less money than you would if you were to buy a comparable home being sold at a foreclosure auction.