FORECLOSED PURCHASES…THERE IS NO FREE LUNCH!

FORECLOSED PURCHASES…THERE IS NO FREE LUNCH!

I am certain most everyone is familiar with the age old adage “if it sounds too good to be true…” yet buyers purchasing foreclosures are falling for this trick every day. Just because the lender/seller is offering to provide a free title policy does not mean the buyer is protected! Many times there is a reason for it.

Would you put the fox in charge of the hen house? Yet every day countless buyers are getting slaughtered with excessive closing fees, useless title policies and many times deeds signed where there is a complete lack of visible authority of the individual signing.

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