Risks of Buying a Foreclosure

Risks of Buying a Foreclosure (click the links to read more)

Bank Addendum – Always written in the bank’s favor

Timing – Impossible to control turnaround time

Property Condition & Inspections – Unlikely (impossible?) to get repairs made, and careful to retain your ‘right to void’

Title Defects – Be sure to have your own title inspection done!

Financing Complications – Timing and property condition issues combine to create complications with financing, too.

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