Foreclosures are a great way to get a bargain on a house, but they do have a different set of rules. Here is a list of some things to look out for:
Inspections. A good home-inspection is always recommended, the difference with a foreclosure is that the inspections are typically for buyer information only.
My team is experienced with helping buyers with foreclosure and short-sale properties. A lot of times we can have the banks help with buyer closing costs and they typically close under 45 days.
Some of the information contained herein has been provided by SWMLS, Inc. This information is from sources deemed reliable but not guaranteed by SWMLS, Inc. The information is for consumers’ personal, non-commerical use and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing.