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Bank Foreclosures


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Bank Foreclosures are created when a bank note is collateralized by a bank note. These terms on these notes are traditionally much less than 30 years.. Often times, there is a large amount of equity on these properties, because with a shorter note, the debt gets paid down sooner.

If you are looking at buying a bank foreclosure, often times if it is a smaller bank, you can negotiate with the lender to take over the current payments on the note. You will need to provide them with financial statements, and your credit score will need to be sufficient to meet their standards.



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Sample Foreclosures:
North Carolina Home. $72,000 below value
Atlanta Home. $45,000 below value.