Buying a foreclosed home can be a great way to get a good deal on a property. However, it’s important to do your research before you start the process, as there are some unique challenges involved in buying a foreclosed home.
In Nebraska, there are two main types of foreclosure sales: sheriff’s sales and bank sales. Sheriff’s sales are held when a homeowner has failed to pay their property taxes. Bank sales are held when a homeowner has failed to make their mortgage payments.