We know that finding an affordable home isn’t always as easy as it sounds, especially for those who need larger spaces, plenty of land or other specific criteria. One way to obtain a dream home, yet still afford it, is to purchase a foreclosure. These homes need work, but buyers get a great deal to compensate them for the inconvenience. We’ve compiled a few basic tips to help buyers avoid common foreclosure pitfalls and smooth the way to homeownership.
Use a Qualified Agent
If you are only interested in foreclosed homes, choose an agent that has experience with buying foreclosures. These agents have often developed relationships with the banks and mortgage companies and know about homes before they are even listed. They also know which ones have
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