The Truth about Buying Foreclosure's

The truth is… for every foreclosure that turns out to have been a “great buy”

there are hundreds of foreclosures that turn out to be a nightmare for the buyer.

The risks involved in buying a foreclosure are extraordinarily high and there is no one protecting you.

Once you move into a foreclosure and uncover all the hidden defects there is no recourse and no one you can turn to.

Homeowners who thought they had made a “killer deal” are all too often finding themselves drowning in repair debt.

Don’t make this mistake. Take the time to educate yourself on all the important aspects of a home purchase

and the hidden risks of buying a foreclosure BEFORE you buy!

The low price tag on a foreclosure may, at first glance, look irresistible, but

sales price is NOT the ONLY factor to consider when purchasing a home.

A home purchase is a long term investment, take the time to do your homework and factor in the entire

cost of homeownership into the equation before making a decision. Consider the cost of repairs, consider

the usable life of appliances and major components, consider the energy efficiency of the home and look

very closely at how much you are paying for financing. Thousands of homeowners have lost their homes and

destroyed their credit rating because they didn’t take the time to understand the high risk mortgages

they were agreeing too; don’t be one of today’s victim’s by not taking the time to understand the hidden costs of foreclosures.

READ CAREFULLY TO ENSURE YOU UNDERSTAND

THE RISKS ASSOCIATED WITH FORECLOSURE SALES.

YOUR ENTIRE FINANCIAL FUTURE IS AT STAKE.

The truth is… for every foreclosure that turns out to have been a “great buy” there are hundreds of foreclosures that turn out to be a nightmare for the buyer.

• The risks involved in buying a foreclosure are extraordinarily high and there is no one protecting you. Once you move into a foreclosure and uncover all the hidden defects there is no recourse and no one you can turn to.
• Homeowners who thought they had made a “killer deal” are all too often finding themselves drowning in repair debt. Don’t make this mistake. Take the time to educate yourself on all the important aspects of a home purchase and the hidden risks of buying a foreclosure BEFORE you buy!
• The low price tag on a foreclosure may, at first glance, look irresistible, but sales price is NOT the ONLY factor to consider when purchasing a home.

A home purchase is a long term investment, take the time to do your homework and factor in the entire cost of home-ownership into the equation before making a decision. Consider the cost of repairs, consider the usable life of appliances and major components, consider the energy efficiency of the home and look very closely at how much you are paying for financing. Thousands of homeowners have lost their homes and destroyed their credit rating because they didn’t take the time to understand the high risk mortgages  they were agreeing too; don’t be one of today’s victim’s by not taking the time to understand the hidden costs of foreclosures.

READ CAREFULLY TO ENSURE YOU UNDERSTAND

THE RISKS ASSOCIATED WITH FORECLOSURE SALES.

YOUR ENTIRE FINANCIAL FUTURE IS AT STAKE.

• You have complete piece of mind
• Full Warranty Service @ no cost for 2 years
• Builder Financing saves thousands in fees and costs
• New Home Builders are required to disclose, in writing, everything that effects the property
• New Homes are built energy efficient
• Builder walk-through orientation prior to move-in

• You assume all the risk
• You are responsible to pay all repair bills to fix any issues
• You pay market rates or higher for financing
• Banks are not required to disclose defects or other material facts that may negatively effect the property
• Older construction, lower energy efficiency
• No walk through or orientation.

Source: www.Cheapnewhomes.com

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