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What are the disadvantages of buying a foreclosed property?In: Mortgages
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The only two disadvantages in buying a foreclosed property:
- 1. Tou have to put a mandatory 10% down.
- 2. The property may have some minor damages due to the prior owner being upset of being foreclosed upon.
First answer by Chris. Last edit by Chris. Contributor trust: 2893 [recommend contributor]. Question popularity: 89 [recommend question]
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