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How are seized homes usually purchased?

Updated: 8/20/2019
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10y ago

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It depends who seized them and why. If it was a foreclosure then it will be owned by a bank. Bank owned properties are listed with local realtors. The thing with Bank own property is that there isn't a negotiation process. They list the price at the current market value for that home. You make a bid, if you are the top bid they get for that property and they are willing to let it go at that price then you get it.

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