Digital Man asked:


I live in Dallas, TX. Will you recommend buying a foreclosure home?
What is the advantage and disadvantage of buying a foreclosure home?

Please help. I’ll pick the best answer later.

Carola

2 Responses to “What is the advantage and disadvantage of buying a foreclosure home?”

1. kclifer on January 3rd, 2009 1:34 am

   Sadly foreclosures are in abundance.I say sadly becuase plenty of people suffer when they lose their homes to forclosure.

   The biggest disadvantage is they are sold as is.
   One advantage is there truly are great deals to be had that will put you in equity the minute you close.

2. Tmitty on January 4th, 2009 11:39 pm

   The foreclosure property so their are good faith deposit check out to the tile company and get title search and who you run title company and get title.
   Foreclosure property so their are getting deal or not until you really donot know if you run title insurance home may look like it has equity unitl you buy the foreclosure property from always close at.
   Foreclosure property so their are getting deal or not until you are getting deal or not until you are good deals if.