buying a foreclosure: Buyer Beware When Buying A Foreclosure
- 08/14/15 12:18 AM
Buying a foreclosure property can have many benefits for the buyer. Prices are typically 5% to 15% below what the normal market price would have been. There is a lot more information about properties with our internet-rich ability research. Inventory is tighter than in normal years, making foreclosures attractive. However, you should be aware of potential potholes along the road. The process is impersonal at best: When buying a foreclosure you are dealing with an institution rather than the typical owner/occupant. The institution, a bank or other lender, doesn’t have much of a personality, and it doesn’t see the property as a place to
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