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While buying a short sale can be a complicated task, trying to buy a home in foreclosure can be even more challenging. A foreclosure process occurs when a homeowner can no longer afford to make monthly payments on his or her home loan and the lender exercises it's option to force the sale of the property. In today's volatile bank and mortgage industry, you'll find an increase in the number of foreclosures which attracts homebuyers shopping for the best bargain. As you search the home market, you'll find foreclosure in every market, from the high end luxury homes down to the basic tract home.