Buying and selling real estate is an excellent way to make money. People who know how to fix up properties can reap huge fiscal rewards. There are many ways to earn money in real estate. One type of property that can be extremely lucrative are what are known as foreclosures. A foreclosure is a very specific process. Properties enter foreclosure when the homeowner or commercial property investor is no longer able to meet the obligations of a mortgage. The bank holding the mortgage may choose to put the home or other property up for sale to a different party. Buying foreclosures have both advantages and disadvantages.
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