Tips For Purchasing A Foreclosed Property


Although not the case in the Rivertowns or even Westchester in general, almost 30% of home sales in the United States are now sold via the foreclosure process. Although these kinds of deals are few and far between in this area, it does occasionally happen. This can be a great way to purchase a home at a markedly reduced value, but there are some concerns and pitfalls to avoid if possible. These range from the obvious, like a thorough home inspection, that you would do for virtually any real estate transaction, to the not so obvious like checking for past liens, particularly if you are paying cash for a property. The best advice is to call a Realtor about any property you are thinking of purchasing. However here are 10 things to think about before making that call, so you know the right questions to ask.

http://www.bobvila.com/articles/1471-10-things-to-consider-before-buying-a-foreclosed-home/pages/1

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