Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Nell asked in Business & FinanceCredit · 1 decade ago

Does anyone know the difference between government foreclosures and bank foreclosures?

Which is better or less hassle?

2 Answers

Relevance
  • GUS
    Lv 4
    1 decade ago

    Bank foreclosures may be less of a hassle but most foreclosed properties are owned by the government so there will be a bigger selection from which to choose. The government and most banks market their foreclosed properties through real estate agents so there's not that much of a difference to a consumer when buying one of these properties as the real estate company handles the transaction for you.

    Good Luck

  • Anonymous
    1 decade ago

    You have no choice in the matter. The entity with the property lien is the one that can foreclose.

Still have questions? Get your answers by asking now.