Dec

1

Use Caution with Foreclosures

December 1, 2009 | 155 Comments

I ran across this article in USAA Magazine, Winter 2009 and thought it was very helpful if you’re considering buying a foreclosed property. Impulsive or uneducated buyers can find themselves holding the deed to a bottomless money pit if they’re not careful. Here are some tips that could help you out in this situation: Do your homework-search […]

Nov

11

Are Distressed Homes Worth the Trouble?

November 11, 2009 | 151 Comments

Homebuyers are finding that the battered real-estate market offers just as many opportunities for headaches as for bargains. Seth Grotzke and his wife, Crystal, both 25, recently bought a bank-owned 2 bedroom, 2 bathroom townhouse in Edina, Minn., for $110,000. Similar homes in the same development were selling for as much as $131,000. But exactly one […]