What is the benefit of purchasing a foreclosure?

Asked by Francis Paris, Bedford, NY Tue Apr 21, 2009

If you are paying market value and having to deal with unresponsive banks, why bother?

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Joe Gutierrez, Agent, Fort Lauderdale, FL
Wed Aug 5, 2009
You are buying a home well below current market value, which is already at a low. You can easily rent out the property and make income. Basically, someone else's rent will pay your mortgage and a few years later you can sell the home for a nice profit!!!
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Genevieve Ra…, Agent, Punta Gorda, FL
Tue Apr 21, 2009
Frank,

In my opinion buying a foreclosure is beneficial when it is a real deal. More house for the money.

Genny
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