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Blog by Benito Realty Group

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The Basics of Buying Miami Foreclosures

"Miami foreclosures are some of the most popular real estate properties in the city, and the most numerous, too. Over the past couple of years, many homes entered the foreclosure market, mainly due to the increasing numbers of homeowners unable to pay for their properties. This is indeed unfortunate for the owners but quite a boon for real estate investors and even regular homebuyers."

"If you are new in buying Miami foreclosures, the first most important aspect of the process you should know about are the three different types of foreclosures. Basically, there are pre-foreclosure, foreclosure and post-foreclosure. Pre-foreclosure homes are sold by the homeowners themselves. These homes are some of the most affordable foreclosure properties in the city. Also, buying pre-foreclosures is the safest way for first-time homebuyers to get a hold of affordable properties without too much hassle."

To read the entire article, click here. To learn more about foreclosures, contact us today.