10 Hidden Hazards to Check for When Buying Foreclosed Homes

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While buying a foreclosed home may seem like a done deal, there are several things that you should watch out for. Because these homes were repossessed by the bank, there may be problems that the bank is not aware of, half finished projects that the former owners didn't have the time/money to complete, property left behind by the former owners, stripped wiring, poor maintenance and lawns in desperate need of care. Some things may not be immediately obvious, so even if you're looking to save money, be careful what you buy.

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POSTED September 25 2013 1:07 PM

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