Right now the properties aren’t interesting though. Many of them are priced far more or at best equal to comparable properties listed on MLS.
If I buy a foreclosure I expect at a minimum a 40% discount from comparable properties for sale for the hassel of dealing with this type of purchase. Not only does one assume a tremendous amount of risk but many of these need work. I have heard many foreclosures don’t allow inspection.
Unless I get a real STEAL of a deal I am not going to bother and waste my time with the stress of buying a foreclosure!
