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pedro · June 26th, 2009, 21:24

If you buy a foreclosed house, expect to pay the full asking price and possibly even a little more. Right now Foreclosures seem to be flying off the shelf depending on the area.

I just bought a foreclosure in Phoenix and I can tell you it was a PITA! The bank was slow to respond. Make sure you have a competent realtor that knows what language to put in your contract so that you are protected!

If you decide to go FHA, keep in mind that it needs to be livable and pretty much move in ready. All in all,
GOOD LUCK ON YOUR HUNT!!!

June 26th, 2009, 21:24	#11
pedro Senior Member Join Date: Jun 2007 Location: Phoenix, Az Posts: 1,293	Re: Bye Bye Apartment (hopefully) If you buy a foreclosed house, expect to pay the full asking price and possibly even a little more. Right now Foreclosures seem to be flying off the shelf depending on the area. I just bought a foreclosure in Phoenix and I can tell you it was a PITA! The bank was slow to respond. Make sure you have a competent realtor that knows what language to put in your contract so that you are protected! If you decide to go FHA, keep in mind that it needs to be livable and pretty much move in ready. All in all, GOOD LUCK ON YOUR HUNT!!! __________________