A foreclosure occurs when a lender files a complaint against the homeowner because he/she defaulted on the mortgage loan. The lender may begin the foreclosure process in order to rectify the debt. In this case, after filing a complaint, the lender may schedule a foreclosure sale of the property and auction it off to the highest bidder. Attending these auctions and buying foreclosure properties can be a great way to obtain a home for a price below its market value. And ForeclosureRepos.com is a great way to find the best foreclosure properties around!
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Select a state in the list below for foreclosure listings of bank foreclosures for sale.