Personal Finance Buzz

A foreclosure purchase doesn't work exactly the same way as going the traditional route and a there's host of risks and dangers of investing in foreclosures to consider.

Before you get too excited about purchasing a foreclosure, you need to carefully consider your what you are doing. Not all foreclosures offer the same value, and some are pretty scary. Here are 4 things to keep in mind as you look for a foreclosure.

We may be in a buyer's market, but you still need to be prepared. Here are 5 things to do to get ready to buy a home.

There are a lot of things you need to consider before you buy or build a home. Here are some things we're considering carefully before we make our next home buying decision.

Foreclosures can be a real estate investor’s best friend. This is because most homes that are in foreclosure can sell on the cheap. We bought our very first home as a foreclosure! We got a heck of an deal. I’m not just saying that because we loved the home either.

Foreclosures happen when a homeowner misses out on their mortgage payments and is unable to come up with the money to repay the lender. Most of the time, the lender chooses to foreclose a home when there are several consecutive missed payments and infrequent communication with the borrower. Foreclosure can help the lender minimize losses on the loan.