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Anything that I need to watch out for when buying a foreclosure home?

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September 03 2013 - New Haven
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Hello,
You can find great foreclosure deals, however don't let a small price tag lure you into a rush. Ask yourself a few questions: Do you have the money for the repairs these houses often need? How are you going to repair it?  Will the bank allow you to do a home inspection? Does it require just cosmetic work or are there costly hidden expenses . If  you want  to rehab and then rent, can you afford the property if you don't find a tenant? You may not be able to recoup the cost of the repairs . How long the property been empty? Was it winterized?  Research the neighborhood and value.  Make sure you do your  homework to minimize the risk. Good luck.
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September 03 2013
Get an inspection I don't know how to say that enough, The title will be insured and clear so that is not a problem. 
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September 03 2013
 
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Anything that I need to watch out for when buying a foreclosure home?
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