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06-28-2010, 10:20 PM #1
Pros and Cons of buying a foreclosure?
I'm thinking of moving my family about 1/2 hour away from where we live now. We're exploring all options. Although I've never considered buying a foreclosed property before, certainly such properties are "an option".
Has anyone purchased one? I'd like thoughts on the subject.
My understanding from talking with a relative who is a realtor is that the previous owners can leave a foreclosure pretty trashed.
The underlying feeling that I'd gain from someone else's misfortune either from poor choices or events beyond their control isn't pleasant, but I guess I could live with it if need be.
What are the pros and cons in your opinions?
Chris L"Blues fallin' down like hail." Robert Johnson
"Aw, Pretty Boy, can't you show me nuthin but surrender?" Patti Smith