Digital Man asked:


I live in Dallas, TX. Will you recommend buying a foreclosure home?
What is the advantage and disadvantage of buying a foreclosure home?

Please help. I’ll pick the best answer later.

Kelley

2 Responses to “What is the advantage and disadvantage of buying a foreclosure home?”

1. kclifer on November 9th, 2008 12:11 am

   The minute you close.

2. Tmitty on November 10th, 2008 6:16 am

   It depends where and who you buy the Foreclosure property from. Always close at a title company and write your good faith deposit check out to the tile company as well. You really donot know if you are getting a deal or not until you run a title search and get title insurance. A home may look like it has equity unitl you find a 50,000 tax lien attached to the property. So their are good deals if you know how to find them.