Prospective investors are now increasingly looking to foreclosure sales for real estate bargains. As with most all investing scenarios, newcomers to this market will sometimes experience unpleasant surprises if they go in without adequate knowledge of the downfalls. All homes should be thoroughly inspected by a professional home inspector before sealing the deal. But, foreclosure homes are usually sold “as-is”. This means that buyers cannot negotiate for the cost of needed repairs, as they may do in a traditional home purchase. If pre-auction property inspections are not permitted at the foreclosure sale, buyers will need to weigh that risk carefully. Even with a significant influx of newly foreclosed properties due to the sub prime mortgage mess, the foreclosure market can be competitive, and it is often dominated by experienced real estate investors. Make Money in Short-Sale Foreclosures: How to Bypass Owners and Buy Directly from Lenders

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