"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." Buying a foreclosed home can be a great way to purchase a house at a discounted price, whether you’re ...

Though buying a home after foreclosure can be more challenging and will require you to jump through a few more hoops, it’s definitely still possible. “Be patient and partner with a lender and agent ...

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A foreclosure occurs when a lender takes control over a property from a borrower who has failed to make timely payments. A foreclosure can damage your credit score and result in the loss of your home.

Buying a foreclosed home can be a great way to purchase a house at a discounted price, whether you’re looking for a primary residence, a second home, or an investment property. But there are risks to ...