Buying Foreclosed Property?

While the economy does seem to be picking up – foreclosures are still a reality in many community. Some communities that had a reputaiton for being above or beyond the threat of forclosure are being hit. SO it can be a good time to pick up property cheaping and/or in a wider range of neighborhoods. RIS Media offers advice to anyone who is thinking about puying foreclosed property:

  • Get it checked out by a pro.
  • Don’t abandon common real-estate logic.
  • Skip – or, at least, very strongly rethink – the flip.
  • Go over the budget.
  • Do your homework on lenders.
  • See it in person.

Submitted by exclusive buyer agent, Mary Rugani.

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