Are You Thinking About Buying a Foreclosure?
Purchasing properties in foreclosure can be very tricky business, and it requires total commitment to the details; otherwise a great idea can turn out to be a great disaster. Not only are you purchasing the property “AS IS”, which causes many other problems; you will also need to know about the HOA/COA outstanding dues, the property taxes and other liens on the property, if any. Likewise, you will want to check out the location of the home and see if there are any future city projects planned which will require a substantial contribution from each homeowner in the area. (Remember Cape Coral’s Water Project). Read the rest of this entry
I have had several questions over the last few months about the difference between purchasing a short sale or a bank owned foreclosure. When it comes to financing there is not a difference between the two. When you’re looking at homes and you see that it is a short sale, there a several things you need to take in mind. Read the rest of this entry