Foreclosures

Pitfalls of Foreclosures

You've heard that there are deals to be found with foreclosure properties. But buying a forclosure home as your first home may not be the best option for you. While you may "save" money on the initial purchase price of the home, your long-term investment may prove to be overwhelming.

Albuquerque Foreclosures - The Pitfalls of Buying a Foreclosed Property

  • Property owners who find themselves in the foreclosure process often let the property go into disrepair...some even go to the extent of stripping out appliances & carpet!
  • Repairs can add up quickly and properties are usually sold "as is."
  • If the property needs repairs, can you afford to hire someone to do them?
  • Possibility of liens against the property that will have to be cleared.

Make sure to sign up for our free ecourse, 12 Foreclosure Secrets Every 1st Time Home Buyer Should Know. This informative email series will further explore the pitfalls (and benefits!) of buying foreclosed property.

 

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