Day: November 14, 2017

The Risks of Buying Foreclosed Properties

With real estate prices at an all time high, foreclosed properties aren’t the hot commodity they were once considered. While you can occasionally find a great deal in a foreclosure you aren’t looking at significant savings over the appraised value anymore, for the most part. You are also looking at homes that are generally in some state of disrepair (it’s fairly safe to assume this since the owner most likely didn’t have the funds to make the house not much less maintain the home) and will require a different kind of investment after the sale.

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