Foreclosures in U.S. have reached an all time high with lenders on a selling front. Buying a foreclosed home can be a great way to invest in real estate, especially since there is substantially less competition than buying listed homes. MRC is a private company that provides mortgage information and connects homebuyers with lenders. Foreclosed properties are piling up faster than they can be sold, but that doesn’t mean buyers can snap up a great house with little effort.
One of the keys to remember about the drop in value that many of these areas are seeing due to the …