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Elizabeth's Home Buying / Selling Blog

By Elizabeth Weintraub, About.com Guide to Home Buying / Selling

Buying Foreclosures is Not All Peaches 'n' Cream

Wednesday September 20, 2006
Not every successful bidder for a foreclosure property comes out ahead. Sometimes buyers end up dealing with mountains of unforeseeable repairs, and there are other risks as well. Foreclosures are not always an investment. They are a risk. But they can be a managed risk with care and due diligence.

Do you know how to assess whether a foreclosure is a good deal? Can you recognize the signs of potential heartache that are often associated with purchasing distressed properties? Here is what can happen to you if you decide to pursue foreclosures and advice on how you can protect yourself, because there are drawbacks to buying foreclosures. It's not for people with thin skins.

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