Real estate Foreclosures and Short Sale are often seen as a good buying opportunity by people looking for their first home, and also investors looking to build a large real estate portfolio. The good news for first time homebuyers is that as long as they are willing to put up with a maybe "not quite perfect" property, there is the possibility of developing what is referred to as "sweat equity". Sweat equity is simply equity, or increased value, created by the willingness of a new owner to do the clean-up and repairs many distressed properties require.
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