A foreclosure is the result of a buyer having purchased a parcel of land and then, for a variety of reasons, is unable to keep up the payments. Consequently the lender forecloses on the note and repossesses the property.
People who acquire foreclosed property can usually expect a substantial discount because a previous buyer already contributed the down payment and subsequent monthly payments. In other words “One man’s loss is another man’s gain!”
However, buying property at wholesale prices can often result in an even greater discount than buying property at foreclosure prices!
Cheaplandinamerica.com is one of the nation’s largest acreage wholesalers with thousands of acres priced for less than foreclosure prices!