Unraveling the Mystery of Foreclosures

Source:  Madison.com

 

If you’re a home buyer looking for a good deal on a new home in Madison, you may well be attracted to foreclosed listings because the list price is typically at the low end of the market. While it is possible to end up with a home you might not otherwise have been able to afford, you need to go into the transaction with a clear understanding of what it’s like to buy a foreclosed home.

Buying a foreclosed home can be a mystery because almost all of the things you know about buying a home don’t apply when you’re purchasing a foreclosed home. Here are some of the things you can do to unravel the mystery and make the foreclosure status of a property work for you. MORE