Why Not Buy a Fixer Upper?

With so many foreclosures for sale in the US today, the thought of buying a fixer upper might not have crossed your mind. However, making savings on foreclosures for sale is one thing, but making even more savings on a fixer upper that is a foreclosure for sale will mean even greater saving. And let's face fact, with all the foreclosure proceedings going on right now we would not want to see ourselves get into the same boat.

One of the major causes leading to foreclosure is people buying homes that they already couldn't afford and with climbing interest rates, this has exacerbated the problem. Buying a fixer upper will ensure that you are buying a home that you can afford and any saving can be used to make the necessary repairs you need. It bears mention that you will need to be prepared to dedicate time and hard work to fix your home and make it the best it can possibly be.

Fixer uppers are often in disrepair because of the foreclosure process, owner are no longer interested in ... more.

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