[katezbox]

Originally Posted by Pturner

We had no hidden costs at closing and have had no hidden costs since we purchased in '09. I agree that this is an excellent time to purchase a negotiable resale with extras already included and some or all of the bond paid.

There are great deals to be had on foreclosures, but you have to proceed more carefully. Don't even think of buying a foreclosure without title insurance. Then again, I wouldn't buy any home without it. To me, the cost is too inconsequential to skip it. The historical ownership of any property can be challenged. You could also have a harder time reselling your house if the title wasn't properly researched and insured. No title insurance could be penny wise and pound foolish.