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Is It a Good Idea to Buy a House in Foreclosure? The Pros and Cons
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Here’s the 411 on buying a foreclosure, what the purchase entails, and the risks you should watch out for so you don’t end up with a money pit on your hands. Learn the pros and cons before making the decision. Reduced price, the opportunity for customization,. How to find and buy a.
Is It A Good Idea To Buy A House In Foreclosure?
foreclosed homes can be suitable for real estate investors and homebuying companies seeking profits from flipping the property, homebuyers willing to handle extensive repairs, experienced buyers familiar with foreclosure. You're buying the home 'as is' foreclosures occur when a lender repossesses a home from a borrower who has failed to make mortgage payments. It can be either a savvy investment or a money pit.