Denis DaSilva's Blog

Often when purchasing foreclosures buyers are concerned about the quality issued by the lender. A common belief is that there may be liens or judgments clouding the title. This is a myth. The lender will bid at auction only if it wants the property. The lender, typically the senior lien holder, w...

Yes. The commonly held notion that a bank (or any other lender) must sell a repossessed property for the same amount it cost to gain possession and therefore cannot make a profit is false. If the foreclosing lender is the successful bidder at the auction, it will take possession of the property f...

Benefits of buying an FHA Foreclosure No Appraisal required Instant equity Flexible Credit requirements Low money down. HUD will pay all closing costs. (Up to 5% in some states) If the house you are interested in is a Housing and Urban Development (HUD) foreclosure, then it was last purchased wit...

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