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The Pros and Cons of Buying Foreclosure Property at Auction

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The Pros and Cons of Buying Foreclosure Property at Auction
Oct 13th 2011, 14:54

The foreclosure process takes many twists and turns before properties re-enter the open market listed by a real estate professional. One of these lesser-understood steps of the foreclosure process is known as the trustee sale. Basically, it is the process where the sheriff seizes possession of a home, and auctions it off to the highest bidder. Whoever then buys the home may be able to get it for cheap, but is then tasked with dealing with all of the headaches that may accompany its...

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