Why You Shouldn’t Buy A Foreclosed Or Short Sale Home

A sheriff’s sale (or auction) comes at the end of the foreclosure process when the defaulting homeowner can’t repair his financial problems with the lender. Remember, there are a lot of people who assume that there is something inherently defective or unsuitable regarding forclosed homes. Check the properties around the house too, you don’t want to purchase a house if every house in the neighborhood is getting foreclosed on, the property value and chances of selling could go down. Now, the reason you can obtain a foreclosed home so cheap is because the banks hate dealing with foreclosures because of the substantial loss they stand to take. The main benefit that you can get in buying foreclosed houses is the low market price.

This is especially true when it comes to cleaning windows from the outside and/or those that are high up (eg, on second or third stories of homes). …