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Getting Your Home Back After Foreclosure | Nolo – In most states, you can get your home back after foreclosure within a certain period of time. This is called the right of redemption. In order to reedem your home, you usually must reimburse the person who bought the home at the foreclosure sale for the full purchase price, plus other costs.

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Foreclosure to Home Free, as 5-Year Clock Expires – The New York. – Susan Rodolfi at her home in Miami in February.. New Jersey and New York, where lenders must get judges to sign off on foreclosures.

Reader Story: I bought a foreclosure house on the. – Get Rich Slowly – you will owe when you purchase a foreclosure home. Finally.. I have always thought about buying a foreclosed house. Thank you so much for.

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Getting a home inspection is always a good idea, but it is particularly important when buying a foreclosed home. Given that the bank has not maintained or had first-hand knowledge of the REO property prior to acquisition, there may be no record of property repairs or maintenance that would assess the true property condition.

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How to Buy a Foreclosed Home | US News – Even if you can get a professional inspection on a foreclosure, you typically have to buy the house "as is." Once you purchase the home, any problems that pop up are yours – as is the responsibility for finding and paying for a remedy. Such problems are more likely in a foreclosure than in a nondistressed property.

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