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June 01, 2008

Investing in Foreclosed Real Estate

Investing in foreclosed real estate can be quite profitable if you play your cards right. While it's not always as easy as the late-night infomercials suggest the following tips can help you understand the facts and get prepared for what lies ahead.

When real estate is foreclosed, it first goes up for sale at auction. In order to buy foreclosed property, individuals must place a minimum bid equal to the amount of the loan balance, along with any accrued interest, attorney fees and other costs associated with the foreclosure process.

Real Estate Investing article on "Investing in Foreclosed Real Estate"