February 2016

Found 1 blog entry for February 2016.

renovating a foreclosureWhile it may seem like a great investment to purchase a property that has been, or is in the process of being, foreclosed on, there are some things that potential buyers need to be aware of. The thought of purchasing a house for pennies on the dollar seems like a wise investment, but there can be potential pitfalls with purchasing a house in foreclosure. There can also be, however, fantastic gains to be had by being educated about foreclosures and the foreclosure process and knowing what to look for in and Edmonton foreclosure. Here’s a few things that you need to be aware of if you’re thinking of a purchasing a property that’s been foreclosed on.

What is Foreclosure?

Basically, foreclosure means that the bank or mortgage lender has taken back a

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