real estate

7 steps to a great foreclosure buy

Look for mispriced listings
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"This can happen two different ways," says Sean O'Toole, founder and CEO of ForeclosureRadar.com.

"The underpriced properties get a ton of activity and go quickly, but you can really get a better deal on an overpriced property," he says.

An overpriced property will generally get little interest and may sit on the market for a year or more. Therefore, when someone actually makes an offer, the bank may act on it quickly.


 

 

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