What is a foreclosure investor?

A foreclosure investor is someone who buys homes that have gone through the foreclosure process. Foreclosure is a legal action taken by a lender when a borrower cannot make payments on their mortgage. In Virginia, when a home is foreclosed, the lender can repossess the home and sell it through the foreclosure process. Foreclosure investors purchase foreclosed homes from the lender with the intent of either reselling them for a profit or renting them out. Foreclosure investors look to purchase homes at a lower price than what the home is worth. This is referred to as a discount. The foreclosure process allows them to purchase homes at a lower cost, allowing them to make a larger profit when they resell them. Foreclosure investors often look to invest in homes that are in need of repair, as they can purchase them at a lower price and then make renovations and raise the value of the home. Foreclosure investors can be individuals or companies. Many have their own property management companies that help with the buying and selling process. They are often experienced in real estate investing and are knowledgeable about the foreclosure process. This experience allows them to purchase homes in the best way possible and to get the most out of their investments.

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What is a foreclosure investor?

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