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Does anyone know the difference between government foreclosures and bank foreclosures?
Which is better or less hassle?
2 Answers
- GUSLv 41 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
- Anonymous1 decade ago
You have no choice in the matter. The entity with the property lien is the one that can foreclose.