Investors can usually purchase bank - owned properties for a fraction of the market value, because the bank often is just looking to recoup the remaining balance owed on the loan before foreclosure. (sapling.com)
The secured lender is usually allowed to add possession costs and charges to the outstanding balance you owe on your loan. (nationaldebtline.org)
Non-U.S. citizens may not be able to stay in the country or may decide to leave before the loan is repaid in full, and the bank may not be able to recover the remaining balance owed on the loan. (valuepenguin.com)