Monday, April 13, 2009

Buying a Home at Foreclosure

Spring is home-buying season, and in the spring of 2009 we are seeing more and more purchasers buying their home through the foreclosure process

Foreclosure transactions bring with them a range of issues that don't typically arise in more standard real estate transactions, and this morning's Washington Post has an article (you can link to it here) about some of the frustrations that purchasers are experiencing.

A purchase at foreclosure can bring with it excellent opportunity, but as the Post article points out there are a number of issues that can arise to complicate the process. We recommend bringing an attorney on-board from the get-go in the event that you are considering purchasing a home at foreclosure.