Are All Foreclosures “Good Buys”?

NO! There are various degrees of the condition of foreclosed homes in this market. Pending on who the previous home owner was and how they left the home, there may be a lot of underlying issues with the home that were neglected. It is very important to have the home inspected, have the title work reviewed by an attorney, verify that all liens will be removed at closing, and have an appraisal done on the home to protect you. Only at that time, can you truly make an educated decision on if this home is a good buy and investment and that the risks have been minimized. Being a professional real estate consultant, I am able to recommend these services providers or point you in the right direction and help you analyze this data.


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