the house may have been poorly maintained—after all, if the owner can't make the payments, they are likely falling behind on paying for regular upkeep.
If you purchase a foreclosed house at auction, you'll probably pay less for it than you would at other times in the foreclosure process. But because you can't do an inspection, purchasing at auction is risky. There are two safer alternatives. One is to purchase a home in the default or...
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Auction properties often have delinquencies such as back taxes andliensattached to them. The liens may be imposed by the Internal Revenue Service (IRS), the state, or other creditors. This can add further costs to an otherwise desirable house. Whatever is owed, the government must be paid bef...