Worries about buying foreclosed homes?

[flatfeemls]

Short sales and foreclosures are all over. Its time to wait and see where the good deals pop up.

[EugenS]

They're hot deals, but only if you do your research properly beforehand.

[carlhooper]

[B]Hi [/B]
[B]You are not clear with your thoughts, will you give more information. So I can help you out in this matter.[/B]

[Simondsjerry]

[B]Hi, I certainly agree with you. Your advice is really very helpful for us.[/B]
[B]Thanks a lot![/B]

[JEROME]

[CENTER][CENTER][/CENTER][/CENTER]
[B]Hi [/B]
[B]I don’t have so much idea regarding this subject. Just I suggest you to take steps accordingly.[/B]


















[url=http://www.foreclosure101.com]Foreclosure[/url]

[carlhooper]

[B]Hi [/B]
[B]I don’t have so much idea regarding this subject. Just I suggest you to take steps accordingly.[/B]

[JEROME]

[B]Hey [/B]
[B]I think carl hooper is right. He has good knowledge. I hope above suggestion will help you.[/B]
[B]All the best!![/B]

[carlhooper]

[B]Hi,
[/B]
[B]There are lot of ways to ones problems and you can solve them easily one you have better suggestions ….like the ones above…keep going mate ;-)







[/B] [url=http://www.foreclosure101.com]Foreclosure[/url]

[mandiees]

Some owners of foreclosed home are very upset and will trash the property upon their exit - think cement in toilets, walls with holes, no appliances. Others will camp out on the property long after foreclosure proceedings and wait for a court ordered/police warranted eviction before leaving. Just be aware of these things when purchasing a foreclosed property.

[Orrymain]

Originally Posted by luvbunnies42

My husband and I have looked at several homes that were foreclosed on. I've heard several opinions on buying foreclosed and I was wondering how everyone on the board pretty much ranked in opnion.

I personally think that some foreclosed homes can be a good deal especially if they are doing a quick sale.My main worry is if they don't have money to pay a mortgage they aren't going to have a well kept home.I also worry about the non disclosures banks can have on the property.Does that concern anyone else here?
What are some things you should look for if you do buy a foreclosed home?

Personally, I don't think there's any more concern here than if you were buying any previously-owned home. Just as in that instance, you have to check all the nooks and crannies and ask a lot of questions. Homes in foreclosure are because of the mortgage rates, not because people weren't mowing the lawn (simplified comment there). People are just having to make hard choices now, and paying the mortgage is something they just can't handle anymore, so they get out. I don't think it's any more of a risk than buying any home that isn't brand new (and honestly, even new homes can have 'baggage'). Good luck!!