When we were looking to purchase a home down here our realtor suggested we stay far away from foreclosures and short sales UNLESS we had lots of time to wait, and we had money ready for possible needed renovations because the banks will not agree to fix anything, or give you any assists when it comes to purchase.
On the other hand IF you have lots of time to search out and research the properties and for the bank to dither about what offer they are going to accept, you might just find a Coupe De Ville in the bottom of a Cracker Jack box.
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