3 thoughts on “how much foreclosure homes cost and where to buy?”

  1. In general foreclosed homes are price lower than comparable homes. They may range from move in condition to major repair, but the price reflects the condition. You are buying "as is" but have the right to inspect and cancel if you don’t like the results. There are no hidden costs per se, but there are additional costs. When you but a foreclosed home (usually FNMA) the seller doesn’t pay transfer tax, title insurance and related closing fees. Contact a local Realtor. Banks don’t sell their foreclosures direct (called REO’s) they list them with Realtors.

    Realtor.sailor

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.