Foreclosure of Real Estate: When to Bid It Can Be Worthwhile – Economy

from

Thomas Öchsner

A house in the country or their own apartment in the middle of the city – many people have already fulfilled this dream and can look forward to living in their own four walls. Unfortunately, sometimes things turn out differently than you think. Anyone who becomes permanently unemployed, has to endure an expensive divorce or becomes seriously ill and can no longer earn well, may no longer have enough money for interest and repayment of the real estate loan. In the worst case, the residential property will then be foreclosed. For some, a world collapses, for others this gives them the chance to perhaps acquire their own long-awaited property at a reasonable price. What to watch out for – the most important questions and answers.

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