Tuesday, September 29, 2009
Buyers should remember that every foreclosed property is not a good deal. Buyers should thoroughly inspect the property before buying a foreclosed property. Lenders are not held to the same disclosure requirements as sellers. According to Dan Steward, president of Tampa-based inspection firm, "While it doesn't take an expert to see that a toilet has been ripped out, it does require someone with knowledge to know that ripping it out damaged a pipe 20 feet down the line. "The best way for the buyer to get the property is to follow the bank's instructions closely, says Ryan Melvin, co-owner of More Realty Group in Las Vegas, which specializes in foreclosures.



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