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How to Buy a Foreclosed Home — The Motley Fool – How to buy a foreclosed home. There are two main ways to buy a foreclosed home: at auction or through a real estate listing. Once a bank takes possession of a property, it goes to a "public foreclosure auction," during which the bank attempts to sell the property to the highest bidder.

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From the usual stable of fixed-rate conventional loans and adjustable-rate mortgages to FHA, USDA, VA, renovation and reverse mortgage loans. This helps you streamline your mortgage payment and the.

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