Want to know where to find all the foreclosed (Bank Owned) homes for sale in Aloha, Oregon. Well, you have come to the right place and the right people. The Friendly Home Team is here to assist you through every step of the way.
Now, did you know that buying a foreclosed (Bank Owned) property isn’t like buying a regular home? There are a lot of things to be careful of and that is where we are here to help you! Inspections are especially important on bank owned (REO) properties and though I suggest you get one on any home you buy, it is especially important when buying a foreclosure.
You see, with a normal home purchase the owner gives you disclosure forms that tell you everything they know that is wrong with the property. If they lie and you discover something they covered up, you have legal rights. But, banks don’t have to fill those disclosures out, they have never seen the property. You are left blind to what may or may not be working in a property, that is why inspections are so important. Even more importantly you need to have an agent that will fight for you and make sure all the utilities are on before an inspection.
If all the utilities aren’t on, you may discover once you own a home that there are water leaks, sewage leaks, gas leaks, electrical hazards and heating units that don’t work and unless those are inspected with all the utilities are on, you could be left with a bill in the tens of thousands.
So, if you are trying to find where to find all the foreclosed (Bank Owned) homes for sale in Aloha, Oregon, you have come to the right place!
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