Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

4 Important steps to buying a foreclosure
So you are ready to buy a new home and you are looking for a great deal.  With the last few years in the housing market, many people today are looking to make the most out of their new home purchase.  There are many options to consider when purchasing a new home.  Here are a few tips to help in your decision process.  1) It is very important when looking at a purchase, to know the history (market) of the neighborhood.  When buying a Foreclosure, you will want to know how long has it been vacant, was the home taken care of, or are there major repairs that need to be made? Many banks when taking back over a property will usually go through and check out major systems and the home in general for pricing purposes and for trying to help the sale of the home, often time repainting, etc., but this is not always the case. They usually would rather see a homeowner move back into a home and are very willing to work to see this done. 2) Price wise you definitely do not want to overspend, nor be the highest purchase on the block; even a foreclosure ... more

__________________________________________________
Are you on The Rain? Grow Your Network!