You may have heard stories of people finding spectacular foreclosed homes for extreme bargains, or perhaps you’ve heard of someone taking a risk on a foreclosure just to get burned with serious repair bills.
Everyone has their own opinion of foreclosures, but the reality is that they are just like any other real estate deal. Buyers who don’t do their due diligence have a much greater chance of regretting their purchase later on.
So, what is so different about a foreclosed home? Well, it depends on what stage of foreclosure the home is in. The three stages of foreclosure are: Read more