Although foreclosure rates are low, amounting to less than 0.25% of home loans in 2024, you can still find these homes from several different sources, and at various stages in the foreclosure process.

With foreclosed homes, financing options depend on the type of property you're purchasing. If you're buying an REO property that is owned by a bank or lender, you may be able to use a mortgage loan.

Realtor Cecily Tippery walks past a swimming pool with weeds growing inside at a home she's hoping to list in the $250,000 range. Tippery toured homes she's listing on the market acquired as ...

But keep in mind that most foreclosed homes are sold “as is,” meaning banks won’t make repairs to the property. 5. Get a home inspection ...

LEHIGH ACRES, Fla. -- Mike Manikchand points toward his neighbors -- a half-dozen empty, foreclosed-upon homes, sitting on weed-strewn yards -- and he wonders: What will happen if a hurricane ...

Public Safety Lawsuit: Bank of America allows foreclosed homes in minority neighborhoods to deteriorate; takes better care of properties in white communities June 26, 2018 More than 7 years ago ...