FRAMINGHAM, MA – Due to economic conditions, more owners of residential real estate than usual are facing foreclosure.
While some properties sold at Public Auction can be purchased below market value, buyers should be aware that many times such properties have been neglected, and in some cases have been damaged or had items such as plumbing fixtures, copper heating pipes and other items removed.
In general, property purchased at foreclosure auctions should be examined even more closely than property sold on the normal residential real estate market.
In addition to structural or cosmetic problems, (more…)