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Buying a Foreclosure: What Every Homebuyer Needs to Know

Buying a Foreclosure: What Every Homebuyer Needs to Know

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Thinking about buying a foreclosure in Bakersfield or beyond? In this episode of the Kern County Real Estate Review, Laurie McCarty breaks down everything buyers need to know before jumping in. From explaining the foreclosure process in California to clarifying the difference between auctions, REO properties, and short sales, Laurie shares practical insights drawn from decades of experience.

You’ll learn:

  • Why foreclosures happen and how the process works locally

  • The risks and rewards of buying at auction vs. through the MLS

  • What financing options (FHA, VA, conventional, cash) really work for foreclosures

  • Extra costs and repairs buyers should budget for

  • How today’s market compares to the 2008–2009 foreclosure wave

  • Action steps for buyers who want to get started safely

Whether you’re a first-time buyer, an investor, or simply curious about the current real estate market in Kern County, this episode offers clear guidance and expert advice.

For more resources or to connect with Kern County’s #1 real estate team, visit TheMcCartyGroup.com.

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