Would you run away or take the risk?

[Nicole Pettis]

Hello everyone!

Quick question. 

I have come across a foreclosure in a HOT prime area/location(its the worst house on the best street) and the listing says there are no inspections allowed and cash only. Originally the house was still occupied while it was going through the foreclosure process, but now the owners have moved out. So I was able to at least walk around the property, just couldn't get inside. 

I'm not afraid to put in an offer. I did my comps and when figuring out my offer I did worst case scenario(foundation & roof) and conservative ARV. The only thing that does concern me is the "no inspection" clause.

However if they accept the offer, wouldn't I be able to bring my own inspector in?

What's the purpose when banks won't allow an inspection? Is it because they are hiding something or would it be because the occupants were still in the house during time of the selling period? Just curious.

Thank you for your help and advice!