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Houston Foreclosure Queens
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Buying a Foreclosure Property
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Foreclosure homes can represent a great opportunity to purchase a home for less than market value... as long as you thoroughly research the facts and run the financial numbers BEFORE you purchase. There are a number of different types of foreclosures:
- Bank foreclosures - a property owned by a bank due to foreclosure.
- Real estate owned property (REO) - a property owned by a mortgage lender due to a foreclosure.
- HUD homes - a property owned by HUD due to a defaulted mortage insured by FHA.
- Government foreclosures - a property owned by a government agency other than HUD or VA due to non payment of taxes or other amounts due to them.
Please contact me if you have any questions about buying a foreclosure home in Houston or elsewhere in Texas. |
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