If you are thinking about buying a foreclosure in this market - I'd say it can be a great investment, but you do want to educate yourself before jumping in. The link above brings some great information to you if you are at the beginning of the process, and even if you have put in an offer and are not completely understanding what is going on or familiar with some of the terms people are talking about - the article can help to clarify.
Buying a home that has been foreclosed on can be a great investment! It can also be a money pit too. If you have questions on any property or real estate transaction or would like to become an investor in real estate or are looking to buy a property for you and your family, don't hesitate to contact me and I'll help you navigate the process from beginning to end.
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Liz Lewis Sandwick grew up in Duluth, is married to her husband Robb, has three kids: Caroline (5) Cooper (3), and Max (1) and would love to help you find your next home!