Buying a Foreclosure? Not too fast! Take your time, you may think that it's an opportunity but there are cons that comes along with the pros of buying one.
"With a foreclosure, you’re not buying the house directly from the person who lived there. You’re buying it from the bank that foreclosed on the previous owner. And in the bank’s mind, the property is simply an asset it needs to get off its books. The bank doesn’t see it as a place to live or where someone raised a family or even where you’ll potentially raise a family and make memories."
Check out more of the land mines here: