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What is it mean to buy a bank owned / foreclosed home

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A foreclosed or bank-owned home is a home that a bank has repossessed from the owner for failure to pay their mortgage. In such a case, the bank orders the owner of the home to move out, after which it can sell the property to recover its money. Read on about this from www.zillow.com/foreclosures/overview/what-is-a-foreclosure/.

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Just that, the bank owns the property because the payments weren't made on the bank's loan, The bank takes the property and sells it.

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Is it a difficult processes
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No more than buying from owner.
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