Home Buying in Pennsauken>Question Details

Standard545, Real Estate Pro in Pennsauken, NJ

Is it bad idea to buy foreclosure home?

Asked by Standard545, Pennsauken, NJ Sun Jan 12, 2014

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The only issues would be that if it is sold in as is condition. The bank will not know of any issues with the property and if any issues do come up it can be difficult to get your deposit back unless you plan on occupying the property yourself. Best bet is to hire an excellent home inspector. I have some excellent ones that I could refer you to. Im very experienced with HUD transactions. Feel free to give me a call anytime.

Samuel Rifkin
Cell: 609-315-9119

The Rifkin Team
Keller Williams Realty
Web Reference: http://www.samsellsnj.com
0 votes Thank Flag Link Mon Jan 13, 2014
A problem with purchasing a bank owned home is that the bank won't disclose any problems the property MAY have since they didn't live there and won't know if there are any. However, if you hire a good home inspector, most problems can be found - if there are any.

Shanna Rogers
SR Realty
0 votes Thank Flag Link Sun Jan 12, 2014
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