Buying a foreclosure. What are the problems with buying a foreclosure? Well, buying a house can be incredibly exciting. It can also be terrifying at the same time, especially if it’s your first or second home. And so, for a lot of buyers today, the idea of getting a killer deal is the ultimate goal. It is one that you may hear is possible with a bank-repossessed property (also known as a “real estate owned” property or simply “REO”). Real estate prices have gone up, after all. So what’s the scoop on these REOs? Can You Get a Great Deal When Buying a Foreclosure? This is a tricky question … Continue reading...