It sounds like a great idea: Let’s buy a property in foreclosure and then remodel it and resell it? Or perhaps, rent it out to obtain “passive” income? --not so fast. Here are two things you must check before purchasing a property in a foreclosure sale. First: Who foreclosed? This is huge. It matters who is foreclosing. If the bank holding the first mortgage is…

Ayala Law P.A.July 19, 2022