Buying a Foreclosure

Buying a foreclosure can be a great deal (if you can find one nowadays). But a foreclosure comes with a great deal of risk involved as well. Buying a foreclosure usually means dealing directly with the banks – and this can make for some sticky negotiations. The bank is usually in a financial hole with the home anyway, and then they have to spend money and time following certain regulations. So if you are buying a foreclosure, make sure you at least protect your interests. The primary thing is getting a home inspection, but also watch this video below for more tips:

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