BuzzTipper Logo
By John Leiter

Buying Foreclosed Homes: Steps, Risks, and Potential Rewards

Purchasing a foreclosed home can be a smart way to save money on a property while at the same time supporting a community by preventing vacant homes from falling into disrepair. However, buying a foreclosed property is not the same as purchasing a standard home. There are more risks involved, and parts of the process might be unfamiliar even to experienced homebuyers. In this article, we will discuss how to buy foreclosed property, the steps you need to take, and highlight the potential risks

gg
Purchasing a foreclosed home can be a smart way to save money on a property while at the same time supporting a community by preventing vacant homes from falling into disrepair. However, buying a foreclosed property is not the same as purchasing a standard home. There are more risks involved, and parts of the process might be unfamiliar even to exp...
Next (58)
Mortgage Refinance

2 More Good Reasons for a Cash-Out Refinance—and 1 Terrible Reason

Convert equity to cash with a timely cash-out refinance, but if you don't have a sensible plan for the money you're better off leaving it in the home.
Home Loan

Here's Why Your Debt-to-Income Ratio Is So Important

A low DTI paves the way for a competitive mortgage.
Getting Started

Don't Make These 4 Common Mistakes of First-Time Homebuyers

As record-low interest rates battle with record-low inventory, you can benefit by learning what first-time buyers wish they'd done differently.
Home Loan

The Secret to Getting the Best Interest Rate

Do this to get a low interest rate so you can save thousands over the life of a loan.
Personal Loan

4 Good Uses for a Personal Loan—and 1 Bad Use

From debt consolidation to home improvement, you can put a personal loan to smart use.
Personal Loan

Cash for Whatever: Check Out Personal Loans

Personalized terms and lower interest than most credit cards make personal loans a viable method of getting cash fast.
Personal Loan

A Personal Loan Can Lift You Out of Credit Card Debt, Raise Your Credit Score

A personal loan is the flexible financial tool that lets you consolidate and pay down debts sensibly.
Reverse Mortgage

Reverse Mortgage Pros and Cons

The controversial loan product does have sensible uses and lets homeowners enjoy the equity they have built up without selling.
Home Loan

Mortgage Prequalification vs. Preapproval

Learn the differences between the two so you don't miss out on your dream home.
Solar News

Large-Scale Solar Projects on the Rise in 2020

The dependability and the cost-effectiveness of solar power shine in a year of much uncertainty.
Mortgage Refinance

3 Good Reasons for a Cash-Out Refinance

Homeowners do a cash-out refinance so they can turn some of the equity they've built up in their home into cash.
Solar News

The Rising Cost of Electricity

The lowdown on residential rates.
Solar Basics

Solar Panel Payback Period

How long will it take to break even?
Solar Basics

Panel Tech: the Breakthroughs

Technological leaps in solar energy systems then, now, and in the future.
Solar News

Where Solar Is Soaring and Why

These 10 states set the examples to follow coast to coast.
Solar Basics

Solar Panels: Fact vs. Fiction

Let's get to the truth about renewable energy.
Solar Incentives

How Strong Net Metering Benefits You

All about the incentive system and technology that monetizes your home's solar energy output.
Green Living

The Impact Solar Panels Have on the Environment

Learn about three major benefits.
Solar Basics

The Dos and Don'ts of Cleaning Solar Panels

Got debris buildup? Read how to wash your panels without damaging them.
Solar Basics

4 Drawbacks to Leasing (and Why People Still Do)

In the long term, the benefits of buying are tough to beat.
mortgage