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.
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Select a state in the list below for foreclosure listings of bank foreclosures for sale.