Pittfalls of Buying a Foreclosed Home

Summary: By buying a new home you can obtain all the many advantages of a new home and avoid all the pitfalls of buying a foreclosed home.

If the initial price of a foreclosed home looks attractive, dig a little further and you may be surprised at what you find.

You may also find yourself dealing with unknown home repairs and a limited selection of foreclosed homes in desirable areas or in desirable school districts.

If a foreclosed home is really, really that good a deal, and real estate investors haven’t snatched it up...continued.

Carl Heldmann