Most often this is the case, though on rare occasions you can get the bank to make some repairs or renegotiate the deal. However anyone buying a foreclosure should assume that the bank means what they say when they list the property "AS-IS"
Additionally the time you have to inspect a home and decide if in fact it's something you want to buy is very limited, typically 10-14 days and this requires you to be ready to descend on the house with your inspectors the day the contract gets signed and this can be difficult as the sellers of these property lack both communication skills and common courtesy.
I've attached a link below to a much longer piece I've written about buying foreclosures and encourage you or anyone thinking of buying a foreclosure to read it first. As someone who has a lot of experience with foreclosure sales I assure you they are rarely the deal most buyers falsely believe them to be.
I buy property in the Sioux Falls area. Maybe we could work a deal where I would take over your agreement. Contact me if this sounds like something you might be interested in. Then it may not cost you anything.... more
This is a 3 bedroom, 2 bath home in a residential zoned neighborhood. Under residential zoning the only restriction is that you cannot have more than 3 unrelated individuals in the same household. Rooming houses or transitional houses in a residential zone would require conditional use permits and have person per square foot restrictions.... more