I thought this was pretty funny reasoning as to why you shouldn’t go out and bid on Foreclosed properties…..Yes I want to overpay for the same darn house just to get the color carpet I want….
Of course I can’t figure out how to copy the chart and text so here’s the summary…
__________________________________________________
Ad Subject Line: Why start your nest egg with a couple cracks in it?
Is someone else’s misfortune really your gain? You might think twice before exposing yourself to the risks of purchasing a foreclosed property.
Since the collapse of the subprime market, the lure of lower prices has hidden some of the real issues plaguing foreclosed homes. As new as these houses might appear, many are in distressed conditions, treated poorly by the previous owner. You could find missing or damaged appliances, water starved landscaping, and hidden damages that you were not aware of before move in and can become costly headaches after you close escrow.
.
