What are some of the downfalls of buying a house that is from a foreclosure?

invictus asked: I found a nice house on line but it is a foreclosure. What are some of the downfalls of buying one?


What is the difference b/w foreclosure and bankruptcy when buying a house?

SadieAnn_1917 asked: There are a list of houses for me to look at and buy, but what is the difference b/w a house that has gone into foreclosure vs. bankruptcy? Which would be more of a hassel? Which would take more time and money to deal with if there is a difference?


How can I tell if a foreclosure help lender is legit?

OscarRoscar asked: I am facing a foreclosure on my house and keep getting tons of offers to help me in the mail.


Does a foreclosure on a house lower the value of other houses?

sweetsnuz asked: If the house next door went into foreclosure and then sold for a much lower price than it was originally valued at, does the value of my house go down as well? If so, is this a problem if I am not planning on selling in the near future?


How long does it take for banks to foreclosure a house?

John R asked: few months ago I lost my house and still in the process of foreclosure. what is the process time period? does any one knows. please Do not send stupid comments.


In California, Can a creditor garnish your wages after a foreclosure has gone through?

Lisa asked: After your house has gone through foreclosure and your house has been sold, Can the creditor garnish your wages for the balance due?


How do I get the foreclosure record of the house I rent and live in?

Jason L asked: How do I get the foreclosure record of the house I rent and live in, and is there a cost?Content