Beware of purchasing a foreclosure
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While a foreclosed property or short-sale seems attractive, these used homes are sold as-is with no inspection.
Termite damage, a leaking roof, an insufficient or irreparable HVAC system could cost thousands.
These used homes are often abandoned and stripped, and the cost to make repairs could possibly wipe out any
amount you’d save.
Very few foreclosures are in North and South Carolina since 80 percent are found in only five states.
And banks can take up to 60 days to even respond to an offer on one of these homes.