Quote:
Originally Posted by jbdlfan
I would vehemently disagree with those that are opposed to buying a foreclosure. We bought our villa last year and had a fairly smooth process. If you use common sense and understand the process, it works well. We found a TREMENDOUS deal and saved thousands of dollars and have already realized a 30% increase in our homes value based on the comps.
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If you paid less than market value, the increase is greater than that. As 2BNTV points out, his home has increased 27% in value since just last year and he bought at market value.
But not all foreclosures are the same, as Bonanza points out. Be careful, be very careful.