While the promise of profitability beckons, the journey through the maze of purchasing a foreclosed property is filled with uncertainty. We want to outline some of the precautions buyers must take when considering the purchase of a foreclosure. Whether you are looking for an investment property, or you find a home that meets your criteria in distress, foreclosures frequently promise opportunity, but provide headaches instead. Often the perceived benefits are overshadowed by the realities. Here are some of the reasons why foreclosure sales are rarely, "A Deal."
1. Foundations for Frustration
Foreclosed homes or distressed homes may have signs of distress beyond owners who were delinquent in making payments, there are issues that result from…
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