5 Things You Should Do Before Buying a Foreclosed Property

Most foreclosed homes are sold as is, and in some cases, you don't even have time to get the property inspected before signing on the dotted line. See more real estate pictures.
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Following the burst of the housing bubble, many neighborhoods across the country have become saturated with foreclosed properties. Some people are responding to this flood on the market by purchasing homes while the prices are low. Though it can be a good idea to buy a house on the cheap, there are some things you should do before taking out a mortgage on a foreclosed property.