ForeclosuresMass - ForeclosuresMass Monthly - Finance Corner - What you Need to Know When Financing a Foreclosed Property (November 2004)

While other investment properties allow a buyer ample occasion to view the property, inspect the systems and bring in experts to assess the improvements necessary for habitation, purchasers of foreclosed properties may have little or no ability to walk through the building. In addition, when foreclosed properties are purchased at auction little time is left for reflection regarding price.

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Greater Risks Mean Greater Returns
...However, once a bid has been accepted and deposit money placed...

* Next 37 17 investors only!

Getting your Papers in Order
...Borrowers should be prepared to have the following list of documents available...

Guidelines for Investors
Below is a chart of things for borrowers to think about when deciding how to finance a foreclosure property...

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