Posts in August 15, 2019

by Rick Albert
August 15, 2019

3 Reasons Not to Buy a Foreclosure

I have represented clients buying foreclosures, both at the courthouse steps in a live auction and in a more traditional manner. There is a misconception that buying a foreclosure (when the previous owner stopped paying the mortgage and now the bank owns it), is going to be a better buy than a traditional sale. I’m here to debunk that myth.
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