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what should i look for when buying a foreclosed home?

Contributions: 1

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i am a first time home buyer and all i here is that now is the time to buy. I am scared that because of all the hype i am get my self into a money pitt.

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April 10 - Orlando

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Richard Rosa, "attyrosa"
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Richard Rosa, "attyrosa"

Haverhill, MA

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Well, first of all, don't assume the best deals are foreclosed properties. They may be in some states/counties, but there are a lot of good deals on properties that don't have all the issues that bank-owned properties have.

Also, find a good home inspector. You need to know what you are getting yourself into.

Obviously, books can be written on this topic, but the above is my two cents. Good luck!

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April 10

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what should i look for when buying a foreclosed home?

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Related Questions

Question Is it true that for REO properties, I should offer equal or higher than the listing price ?

Question On an REO, would a lender be receptive to, full asking price, 7%, and 0% down?

Question How can I find a zillow value on a property from 2002?

Question what is the best insurance policy for repair on air cond. appli. in the home?

Question what should i look for when buying a foreclosed home?

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Question Is it true that for REO properties, I should offer equal or higher than the listing price ?

Question On an REO, would a lender be receptive to, full asking price, 7%, and 0% down?

Question How can I find a zillow value on a property from 2002?

Question what is the best insurance policy for repair on air cond. appli. in the home?

Question what should i look for when buying a foreclosed home?

Related Articles about Buying Foreclosures

Guide Bank Foreclosures versus FSBOs

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