While someone losing their home is never a good thing, it does bring opportunity to potential buyers of the foreclosed home. You may have heard the stories of people scoring an amazing bargain on home, simply because it was in foreclosure, but are these stories true? And is buying a foreclosure really a good idea?
Act 48 and the subsequent Act 182 worked to keep default homeowners in their home after the big recession hit Hawaii, although many detractors say that it didn’t help the majority of homeowners who needed it, for various reasons. This article looks into aspects to consider for buyers looking at foreclosures.