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| I would buy one, espescially if it's your first!
The reason is, I believe get up to an $8000 tax credit if you buy your first home this year. (might want to check with an tax pro first)
I bought a foreclosed home from Williams and Williams. It was off an online auction kind of like ebay or purple wave. I got it for $8000.
I also had to pay a buyer's premium on top of that, which was a percentage of the $8000. The house was foreclosed through Fannie Mae.
A lot of counties have auctions at the county courthouse. You could really get some good deals there. | |
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Finding / Buying A Foreclosed Home
