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If you are thinking about breaking into real estate investing by buying up bank owned properties then you have come to the right place to be able to find out what you need to do to break into this market and not lose all of your savings in the process.  When properties are foreclosed on they go back to the mortgage company after they did not sell at a foreclosure auction.  The banks really don’t want the properties back because there isn’t enough equity in them for the bank to get a positive return on their original investment.  If there had been enough equity the owner could have sold the property themselves and pay the bank off.