Shopping for a Foreclosure?

Although the number of foreclosures coming on the market each month has happily decreased over the last few years, foreclosures still play a role in our local real estate market.  Bank owned properties, or REOs may provide the buyer with an opportunity to purchase somewhat below market value, thus making them especially attractive to investors.  However, buyer beware!  Foreclosed homes are sold ‘as is’ with no repairs, and as the bank that now owns the home has never lived in it you will not receive any disclosures that might give you a history of repairs or problems such as roof leaks or plumbing failures.  Make sure you have a foreclosure home inspected by a professional during your inspection period.  Spending a few hundred dollars on an inspection could save you thousands in repairs down the road!

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2017 Sandicor®, Inc.