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Focus on Foreclosure Part 3 Buying Foreclosures After the Auction

In previous articles, weve discussed buying preforeclosures, which means buying the property after the foreclosure process has begun but before its completed. If you are unable to prevent the foreclosure, the property will go to auction, which is another buying opportunity. If you are unable to buy at the auction, you still might be able to get a good deal on a foreclosed property after the auction.

There are two ways to buy after the auction. First, if the property doesnt sell at the auction, the lender that foreclosed takes possession of it and you have the opportunity to negotiate a deal with the lender. Second, many investors who buy at foreclosure auctions do so with the intent of reselling quickly to either end users or other investors.... View the rest of this article by visiting BuyerBeWhere.com at the link above...


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