The first step in buying any home nearing foreclosure is to retain counsel and get an immediate title search to determine liens or encumbrances against the property. The, if possible, you chould also talk with the homeowners who are facing foreclosure. Perhaps they would be willing to sell the house to you if you will pay off their mortgage.

Even if they are unwilling to do this, at least you will have had an opportunity to inspect the entire property. That’s always a must; for as homeowners near foreclosure the propensity to maintain the property seems to vanish.

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