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Irene Bartnik

Foreclosure updates


Automated Foreclosure Search Form


What are house foreclosures?

 

A house foreclosure happens when an owner defaults on the mortgage payments for a property. Property in foreclosure is often referred to as distressed property because the owner is in financial distress and has usually missed several mortgage payments. The owner's financial distress can be caused by a variety of unfortunate circumstances, but it often results in a potential bargain buying opportunity for an interested buyer or investor.

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