I live in Dallas, TX. Will you recommend buying a disclosure house?
What is the advantage and disadvantage of buying a disclosure house?
Please help. I’ll pick the best answer later.
2007-10-16 12:01:48 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Sorry, I mean foreclosure home!!
2007-10-16 12:18:57 · update #1
A foreclosure home can be a good deal but can also be uncared for because if the owner couldn't pay the mortgage he may not have kept the home up correctly.
Foreclosure offerings can sometimes take up to 4 weeks for response. Many banks are laying off people and the foreclosures keep coming in. In the meantime that property stays as active as you stress over whether you have a new home or not. After 4 weeks you may have a sad ending.
Pick an agent experienced with foreclosures.
2007-10-16 13:58:25 · answer #1 · answered by Mark 1 · 0⤊ 0⤋
You can pick up some good deals but they usually need lots of work.
In the current environment, some mortgage companies want repairs made before you even close. Literally they expect you to invest big bucks in a property before you own it.
2007-10-16 19:46:42 · answer #2 · answered by bdancer222 7 · 0⤊ 0⤋
If you mean foreclosure home? Then I can answer it later after confirmation
2007-10-16 19:10:09 · answer #3 · answered by L L 3 · 0⤊ 0⤋