Foreclosures, Auctions, and Short Sales
In This Chapter
• Finding a deal on a home
• Foreclosure listings
• Buying from the bank
• Going once, twice, sold—buying from an auction house
• The pros and cons of short sales
When you buy clothes, do you visit a luxury retailer and plunk down mounds of your hard-earned cash for a great suit or a perfect dress? Or are you the type of person who shops discount racks at the local department store? Maybe you’re even the type of person who visits vintage thrift shops hoping to find a great article of clothing for a fraction of the cost.
You can compare buying a home to buying clothes. You can pay full price at the luxury retail store, or you can look for that same dress on the rack at the thrift shop. ...