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How to Buy Foreclosures the Smart Way [Infographic]
Bank-owned or real-estate owned (REO) properties are those that have been repossessed by the banker following an unsuccessful foreclosure auction. Since 2008, the number of foreclosures in the market had been on the rise in Canada, until 2015 when the trend began to show a decline. However, all things considered, a bank-owned foreclosure is the…