Foreclosures are not always a good deal

Good post but only assuming that ALL foreclosures are "fixxer uppers"...have a great day!

Greg, there are so many potholes associated with buying a foreclosure.

Greg:

This is ecellent advice. Short sales and Foreclosure purchases are not always a great buy. As you pointed out, "A plan" is what one needs before moving forward on these purchases.

I recently picked up a foreclosed property in pristine condition. All I had to do was place a "For Rent" sign in the front lawn. As you all know, that;s not the way it usually works.

Simple and to the point. I think many people feel that in order for it to be a good deal it has to be a foreclosure. This is not always true, but it seems to be what people think most of the time. The key is to look at the numbers and see for yourself.

Amen brother.  Check out my recent post on Technology, today, about St George real estate 'A Website for Videos', give me comments please.

I had a foreclosure once and the dogs had pawed away the carpet to the concrete floor, dog doo doo and reeking smell everywhere.  The restoration company told me to trust them and just see if it doesn't get rid of the smell.  I had geared up for finding a high temperature steam pressure washer guy, but this one said trust me.  So, I went for it.  He tore out all carpet and padding.  Don't know if he washed the concrete, but he used the nuetralizer spray ezymes and I was astounded, I could not smell the old smell.  I was impressed.  However, it makes me wonder, new move ins, if something can't just be masked and it came back on somebody later.  Guess we'll never know!  :-)