When you are buying foreclosed properties owned by banks or bank foreclosure homes, you get the realestate title policy [...] As you are paying a land price that is about 10% to 50% below the market value, the moment you close the deal, the land has equity. This is because compared to any other form of land buy; there are no issues of realestate title attached to the realestate. When you are purchasing bank foreclosed homes, you have already managed to make a significant amount of money on the realestate.
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Information is deemed relaible but not guaranteed.