Interested in buying a home in a foreclosure market? Many people are! Are you interested in buying a foreclosed property or one that is bank-owned? Did you know that there's a difference?

In very broad terms, "foreclosure" is the legal right of a mortgage holder to gain ownership of the property if the mortgage is in default. Foreclosure also gives the mortgage holder the right to sell the property and use the proceeds to pay off the mortgage. Learn more about how to buy a foreclosed home.

• Advantages Of Buying Foreclosed Property
• How To Buy Foreclosures
• How Much Can You Afford? Preapproved Versus Prequalified
• Where Do You Want To Live In Monterey County?

Talk To An Expert

Successfully navigating the complexities and special circumstances that often come with foreclosed and bank-owned properties requires a knowledgeable and experienced professional. Our expert, Annie Giammanco has been working in the real estate community in Monterey County for over 20 years. With an active and growing foreclosure market, Annie's prior experience in that sector has made her a leader and trusted resource in Foreclosure Transactions. Learn more.

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