Getting pre-approved for a home mortgage funding is the first step to getting the actual funding. Now is the time to buy. [...] You also need to know that foreclosure properties are usually sold as-is. A foreclosure is a legal process whereby a creditor repossesses collateral for a mortgage that’s in default. It means that 2010 is the perfect year to buy or invest in a foreclosure home or townhome at well below market price. Also, it’s a good idea if you hire a realestate inspector to have your mind at ease.
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