From Zillow.com: "These are trying times for many homeowners. Walk away from a mortgage? Something that was unthinkable and morally offensive 10 years ago is now an option many people are choosing. Home foreclosed? Some people who’ve lost their homes to the bank are stripping the property bare, hoping to sell the appliances to recoup at least some money.
As you might expect, buying a foreclosed home comes with opportunities — and certain challenges. Here are five potential landmines to look out for when buying a foreclosed property."
Find the entire article here.