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A Different Kind of Road Trip

By Joy ⋅ March 30, 2008 ⋅  Email This Post ⋅  Print This Post ⋅ Post a comment

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“Real Estate Road Trips” — a foreclosure tours show vacant properties. Yes, it’s come to this. At least in the US. I’ll have to check with our real estate agent if she does that now in Canada. Yikes.

One thing that stuck with me from the article that might be important to buyers are there is: Bank-owned properties are sold AS IS. Sometimes you have to call the water company to check if there are damages to the pipes. I’ve also read about missing fixtures in these houses, so be careful. Thoroughly check the property you’re interested in. It’s tempting to go for the kill of buying a house at such an “opportune” time, with zero money out of your pocket and payback incentives. However, be smart about it.