In a word Yes. As long as the property appraises for the purchase price, and you can qualify for the loan, the foreclosure does not affect your ability to finance the property. It may be difficult to have a proper inspection done if the utilities are off, and the bank will usually not offer to make any repairs to the home based on the inspection. These properties are truly buyer beware and are sold " As Is. "
Make sure you check with a lender before making an offer on a bank owned property, or any property for that matter. You don't want to be halfway through the process and find out you dont qualify !!
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