Repossesed properties are homes that lenders or lending agencies have taken control of due to the previous owner's default on their home mortgage loan. In order to retrieve the amount lost on the loan, the lender will often schedule a public auction of the property. These auctions can be great forums for homebuyers and investors alike to purchase real estate for far below its market value, since property is often undersold at auction. Whether you're looking for an affordable family home or just trying to create a large margin for profit on your investments, repossesed properties are often your best bet.
With ForeclosureRepos.com, it's easy to find great repossesed properties at auction anywhere in the country. We maintain and constantly update a database of over 500,000 repossesed properties across the United States. When coupled with our 24-hour customer support and host of information and advice on purchasing repossesed properties, our database is the most valuable asset a homebuyer or investor can have.
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Select a state in the list below for foreclosure listings of bank foreclosures for sale.
|Mortgage Type||Today||Last Week||Change|
|30 year fixed||4.20%||4.30%||-0.1%|
|15 year fixed||3.28%||3.30%||-0.02%|