People buy foclosured homes?

When people buy forclosured homes, is that like buying a middle-of-the-road home for sale? Is it cheaper than a "normal" home? Do they still pay mortgage payments? Or do you enjoy to have all the money up front to purchase the house?

please explain why they beckon them forclosured ?

Answers:    They are foreclosed, meaning owned by a bank.

You buy them merely like any other purchase, however, they are "as-is", no repairs, no disclosures.

I only salary 20-25% upfront and mortgage the rest. Of course, I pay mortgage payments.

They are usually cheaper, I go for ones 70% of souk value, with no repairs needed. I am not flipping anything right presently.


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