Lisa Eagan

Leagan Realty, Scottsdale Arizona

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Pros And Cons Of Buying A Foreclosure

April 26, 2019 by Lisa Eagan

When a homeowner stops making regular mortgage payments, the bank can foreclose on the property. This means that the bank takes possession of the property in an attempt to recover the debt the homeowner owes. In some cases, the bank may try to recover this debt by selling the property at auction. In other cases, the bank will simply list the foreclosed home for sale.

Filed Under: Foreclosure Tagged With: Foreclosure, Mortgage, Pre-Approval

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Leagan Realty

12862 East Summit Drive
Scottsdale, Arizona 85259
Phone: 480.766.2115
Fax: 888.422.9951

Email: lisaeagan@leaganrealty.com
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