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How to Buy a Foreclosure With Cash

Buying a foreclosure with cash can be a smart move. Here's how to do it.


[Updated: Mar 04, 2021 ] Jul 30, 2020 by Aly J. Yale

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Pros Cons
Faster, easier sale. Could eat into your cash reserves.
Makes you a more attractive borrower. Less due diligence.
May come with more negotiating power. Loss of tax benefits.
No mortgage payment.
No interest required.

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