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Old 08-11-2008, 12:51 AM
 
Location: Tennessee/Michigan
27,994 posts, read 46,352,092 times
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Sure, there are bargains to be had, but there are also plenty of pitfalls awaiting anyone brave enough to wade into real estate's maelstrom. Here's what to consider.

Finding gold in foreclosures - Aug. 8, 2008
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Old 08-11-2008, 05:51 AM
 
Location: NC
1,264 posts, read 2,119,205 times
Reputation: 534
No risk, no reward. When buying a foreclosure, one has to make assumptions that there are issues. Do your homework, have a plan for a worst case scenario, factor in the costs for the worst case sceanrio(s)...and then, if it still make sense, you might have gotten a sweet deal!
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