Buying a foreclosure?  Madison Wisconsin

2 minute video on buying a foreclosure

There is a common misconception that a foreclosure is what you should buy.  Real Estate Guy  explains there are 3 types of sale commonly categorized as "foreclosure" or distressed homes.  That you should learn more about each of them and about the pros and cons of each one.  
  • Short Sale  (pre Foreclosure)
  • Foreclosure  (sheriff's sale)
  • REO, bank owned (post foreclosure)

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