Home Foreclosure Buyers – Avoid These 7 Costly Mistakes


Attention home foreclosure buyers – check out the seven most common mistakes buyers make when buying foreclosure homes. Knowledge of these seven mistakes and…

By | 2013-08-26T21:19:05+00:00 August 26th, 2013|Mortgages Home Loans Interest Rate|12 Comments

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12 Comments

  1. nancyhay August 27, 2013 at 2:59 AM - Reply

    Good video to help new investors…clearly presented. thanks

  2. Kooleman August 27, 2013 at 2:43 AM - Reply

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  3. krehbein August 27, 2013 at 2:40 AM - Reply

    Good, short video. To the point and no gratuitous plugs.

  4. RainwaterRealEstate August 27, 2013 at 1:41 AM - Reply

    While I agree on the inspection, I don’t see how you could realistically do it BEFORE the auction. I get the minumum bid amounts the day before the auction making it difficult to schedule an inspection unless you have a great relationship with your inspector. Most importantly, it’s not legal to trespass on the property. You can’t just break into a house the day before the auction and go romping around in the attic and crawlspace. Technically just peeking into the windows is trespassing.

  5. RainwaterRealEstate August 27, 2013 at 1:20 AM - Reply

    That said, I’m more just interested in hearing how you are able to accomplish getting the inspection done prior to the auction as opposed to the “drive by evaluation”.

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  8. Eliza Blain August 26, 2013 at 11:58 PM - Reply

    i could be mistaken but i am pretty sure he said “offer” not bid which led me to believe it was an REO not and auction, in which case an inspection before an offer would be possible but an expense not worth it in my opinion. I would rather have them accept an offer before i pay for an inspection if an offer is submitted correctly a buyer can back out later if major repairs are needed

  9. sellingbuyingahouse August 26, 2013 at 11:30 PM - Reply

    Fantastic video!!!

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  11. Everett Grover August 26, 2013 at 10:43 PM - Reply

    Thanks for the tips. I would surely avoid this.

  12. mark1281s August 26, 2013 at 10:15 PM - Reply

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