The below topic is discussed in our members' only Tips on Buying Foreclosures page.
Some real estate investors concentrate on buying real estate foreclosures from owners in default, banks and government agencies. The up-side is that you can usually buy below market value. The down-side is that the property has often been neglected or abandoned and vacant for a substantial period. That leads to all kinds of problems, including: corroded old plumbing, cracked plaster or drywall, pervasive mildew, unwanted, unscreened tenants and a great many others.
Here is a brief overview on buying foreclosures.
The above topics are discussed in detail on our members' only Tips on Buying Foreclosures page.
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