Is Buying a Foreclosed Home a Good Idea?
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Is Buying a Foreclosed Home a Good Idea?
Homebuyers, real estate investors and market conditions have made buying a foreclosed or bank-auction home more common in recent years. While certainly not for everyone, some people believe buying a foreclosed home is an easy way to make money. Others are DIY-ers interested in renovations and have a high tolerance for risk, or they expect they'll have fewer competitors and a simpler purchasing experience. For many buyers and investors, purchasing a foreclosure home can be risky and complicated. This article highlights a few of the common issues and challenges associated with buying a foreclosure home.
Save Money? Sometimes, But Not Always
The main attraction of a foreclosure home for buyers is a…
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