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How to Buy a Bank Foreclosure

How to Buy a Bank Foreclosure Home

Many new real estate investors want to buy foreclosure homes directly from the bank. The attraction to bank-owned properties is understandable, as you borrow money from the bank to purchase a home. It is natural to assume that the bank owns the home; however, whether through a Deed of Trust or Mortgage, the title to your home is either held by a third party or pledged as security for the loan. So, in fact, the bank does not actually own the foreclosure home at all.