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Updated about 4 years ago on .

what is the best deal? foreclosure, preforeclosure, bankruptcy?
Newbie here please be gentle. I am looking at buying a property to rent out. I was just wondering what is usually the best deal? a foreclosure, preforeclosure, or a bankruptcy? are these always purchased through an auction? are there any crazy hoops you have to jump through to obtain one?
thank you for your time!