Fannie Mae Home Loans

Who really loses on a foreclosure – the bank? Think Again!

Bank Owned Foreclosure – A Play on Words?   It is very common to associate a foreclosure with a bank, and this idea is reinforced when we see advertisements for “bank owned” properties.  Mistakenly, we also believe banks are taking the biggest financial hit when a house is sold as a foreclosure.  However, the fact is that in many cases a foreclosure is not owned

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