Because they require more down payment…and it’s fast moving. You can’t ask the bank to fix anything, it’s sold as is…you can inspect it, but really nothing you can use to lower the price. I also heard that it’s hard to get lending for these type of homes, but I could be wrong (once I heard you had to buy the property outright).
ElderberryWise570 t1_jeer2ow wrote
Reply to Are low foreclosed and pre-foreclosed house prices a scam? How is it possible for their prices to be so low? I'm planning on moving to Seattle soon and have been considering them. by illusiveconsistence
Because they require more down payment…and it’s fast moving. You can’t ask the bank to fix anything, it’s sold as is…you can inspect it, but really nothing you can use to lower the price. I also heard that it’s hard to get lending for these type of homes, but I could be wrong (once I heard you had to buy the property outright).