Foreclosure in good condition

[Matt Kistner]

Good Morning and Happy Saturday-

I checked out a foreclosure yesterday that was in surprisingly good condition. This house is 2400 sq ft 4 bedrooms (3 on the main level and 1 in the basement) as well as a family room in the basement. There is a concern that since the house was built in 1968 that lead based paint was used- and the house has been on and off the market due to price revisions since 2014. The bank is currently repairing the baseboard heat and putting in 2 new air ducts into the boiler. The agent told me that just this past January the house had an offer, and an appraisal and inspection were completed and then the people backed out because they didn't want to wait for the bank to fix the heat... I wonder if that was the case or if there was a costly discovery that they didn't want to deal with. What do you guys think?