Buying Foreclosures is a new 'Sexy' in Real Estate !!

I just saw this ARTICLE what are your thoughts ?? We experience it here in Las Vegas for sure, however the inventory is very low 
  • June 19 2012 - Las Vegas
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (3)

Profile picture for Blue Nile
There is nothing "sexy" about profiting off of the hardship of others, just like there is nothing "sexy" about "rape".

And bidding at an auction when you have no clue of the condition or ramifications is no "fun" either.

Yes, buying an REO can give you a "discount" off of market value, but you pay for that in increased time, increased hassles, and correction items that don't get corrected but you have to do yourself.  And in an area with high REO market saturation?  Nothing "sexy" about that either.  Many people call it "blight".

Are you "suggesting" that Realtors® are Whoring and Pimping Bank sales?
  • June 19 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

If you plan on turning that property into a rental, make sure you have the right amount of insurance, many Landlord or Dwelling Fire policies vary in the amount of coverage and extended replacement cost, look for named additional insureds if you use a property manager, coverage for wrongful eviction, loss of rents and or income, vandalism.

Also require your tenant to have a renters policy, this will give you a layer of liability protection. In California there are no limits on law suits.
  • June 22 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

In this market the foreclosure may not be the best deal that is available.  Sounds too good to be true with a foreclosure then it usually is.
  • June 22 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.