Zillow Advice: Buying a Foreclosure - Anything that I need to watch out for when buying a foreclosure home? http://www.zillow.com/advice-thread/Anything-that-I-need-to-watch-out-for-when-buying-a-foreclosure-home/509881/ Zillow Advice | Zillow Real Estate Hello,You can find great ... http://www.zillow.com/advice-thread/Anything-that-I-need-to-watch-out-for-when-buying-a-foreclosure-home/509881/ Hello,<br/>You can find great foreclosure deals, however&nbsp;don't let a small price tag lure you into a&nbsp;rush.&nbsp;Ask yourself a&nbsp;few questions: Do you have the money for the&nbsp;repairs these houses often need? How are you going to repair it?&nbsp;&nbsp;Will the bank allow you to do a home inspection? Does it require just cosmetic work or&nbsp;are there costly&nbsp;hidden expenses . If &nbsp;you want &nbsp;to rehab and then rent, can you afford the&nbsp;property if you don't find a tenant?&nbsp;You may not be able to recoup the cost of the repairs . How long the property been empty? Was it winterized?&nbsp;&nbsp;Research the neighborhood and value.&nbsp;&nbsp;Make sure you do your &nbsp;homework to minimize the risk. Good luck. Wed, 04 Sep 2013 02:50:00 GMT http://www.zillow.com/advice-thread/Anything-that-I-need-to-watch-out-for-when-buying-a-foreclosure-home/509881/ 2013-09-04T02:50:00Z Get an inspection I don't ... http://www.zillow.com/advice-thread/Anything-that-I-need-to-watch-out-for-when-buying-a-foreclosure-home/509881/ 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.&nbsp; Wed, 04 Sep 2013 01:42:00 GMT http://www.zillow.com/advice-thread/Anything-that-I-need-to-watch-out-for-when-buying-a-foreclosure-home/509881/ 2013-09-04T01:42:00Z