should you buy a home after foreclosure: Should You Buy a Home After Foreclosure? - 04/09/15 09:33 AM
I received a call from a buyer interested in a property advertised on craigslist. Currently owned by an investment company, they were offering a rent-to-own and seller financing options. This buyer was interested in buying a home after foreclosure.
The buyer, like so many, had gone through tough times. Upon questioning, he had nothing to put down on a new home, and only had a small retirement account with no liquid savings.
Despite the fact that he really wanted to an opportunity to buy again, my best advice was not to buy right now. I believe strongly that home ownership enhances the quality … (3 comments)