The Foreclosure Next Door...
- Foreclosure properties almost always have some deferred maintenance that buyers must contend with, while non-foreclosure properties are usually maintained better. Sometimes the deferred maintenance causes really significant expenses that cannot be foreseen by potential buyers.
- Foreclosures rarely have a full set of furniture and decor items while the non-foreclosure properties may be being sold fully furnished and ready to rent.
- The bank that owns a foreclosure property knows next to nothing about it so there is nobody available to provide any information about what has been done or what needs to be monitored.
- Often the bank may not get the pricing right and sometimes the foreclosure property isn't the bargain that it may at first seem to be.