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By: G. M. Filisko
Get prequalified for a loan and set aside funds, and you'll be ready to purchase a foreclosed home. When selling a foreclosed home, lenders set a price well under market value so the home will sell quickly. Since lenders aren't in the real estate business, they turn to real estate brokers for help marketing their properties. Buying a foreclosed home can be a bargain, but it can also be a problem-filled process.
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