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The lower a buyer can negotiate the foreclosure, the lower his monthly mortgage payments will be. Negotiating a lower price also brings homes that were previously prohibitively expensive into a buyer's price range.
How to Get StartedAttend foreclosure auctions.Search for real estate agents who specialize in foreclosures.Phone local banks and ask to be connected with a bank officer handling foreclosure sales.Contact the seller and offer your services whenever you see a property with a foreclosure sign.