Just make sure the foreclosure isn't under HUD Guidelines 24 CFR 206.125 from a reverse mortgage. It would be stated on the sale. My father passed away 2 years ago and had a small condo in Pembroke Pines (S. FL). It was a rev mortgage property with no value to us and is under HUD Guidelines 24 CFR 206.125 by the bank The rules are crazy. Price is NOT negotiable and they are asking about $35,000
more than it is worth which is why it never sold after over a year, have to pay all back taxes and condo fees and a lot more. It was just taken off the market for some reason by the bank. If electric is off you have to pay to turn it on to look inside and lots more stuff.
What are HUD Guidelines 24 CFR 206.125