Should You Buy A Foreclosed House?


1. Probably not, seeing as the people who own the houses are retaining titles left and right because apparently few financial institutions can actually follow the foreclosure guidelines. Bad news for Nevada, Arizona and California, where about half of home sales are of foreclosed houses.

2. Also you probably should not buy a foreclosed house if you already have one that you’re living in and the marshals are banging at the door. (You should, however, get a lawyer!)