Feb 13th

Potential Negatives to Buying Santa Barbara Homes in Foreclosure

2008

Categories: Buyer's Resources & Advice, Foreclosures & Bank Owned

Most buyers that get lured to looking only at Santa Barbara homes in foreclosure are often thinking about a cute cottage with a white picket fence, priced well below market price, located in a good neighborhood, needing simply a little work because the unfortunate owner has fallen on hard times.  Although this is a rosy picture for the investor or first-time buyer (not for the owner), the reality is often very different. Condition of Foreclosed Homes I have read article upon article about foreclosures the last several months as well as spent several days looking at homes in foreclosure that are on the market... Read more

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