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Updated almost 9 years ago on . Most recent reply

Samantha Soto's profile image
Samantha Soto's profile image
Samantha Soto
  • Investor
  • from Indianapolis, Indiana
  • Member since Mar 1, 2016
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Samantha Soto's profile image
Samantha Soto's profile image
Samantha Soto
  • Investor
  • from Indianapolis, Indiana
  • Member since Mar 1, 2016
Connect
Samantha Soto
  • Investor
  • Indianapolis, IN
134
Votes |
221
Posts
Buying & Selling Real Estate

Pros and Cons of Buying Foreclosures

Samantha Soto
  • Investor
  • Indianapolis, IN
Posted

What are the pros and cons of buying foreclosures from a bank?  How much do you need to put down for an earnest money deposit?  Is there risk of losing that deposit if you back out due to finding a major issue with the property during inspection?  Can you negotiate with the bank?  Or is the price set in stone?  Any insight is appreciated!  I'm as green as they come!

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