How to Find Bank-Owned Properties to Invest in
Bank-owned properties can offer quite the deal. In most cases, these are homes that were passed up during a foreclosure auction, and now, the bank is on its last line of defense. They need to sell the property -- at any price -- or risk losing out on their investment entirely.
For these reasons, you can typically buy bank-owned homes at steep discounts. This makes them great candidates for flips, rentals, or other investment properties. They can also be a good option for homebuyers struggling in today's high-priced market, as long as they're willing to put in the work (these properties are rarely move-in ready and are often in need of repair).
Are you on the hunt for a bank-owned property? Here's where to start your search.
Source Fool.com
