Buying A Foreclosure At The Courthouse Steps Is Not For Novices

Many buyers ask me “what about buying a foreclosure at the courtyard steps?”

Even though a significant number of properties are being bought at the court yard steps, this is not the average consumer who is doing this. The buyers who are buying on the courthouse steps are battle hardened investors with the skills and tools necessary to do this. They are after all buying all cash. To limit the risk of purchasing a property with numerous encumbrances  whether known or unknown and buying more than they ask for, these sophisticated buyers often have an account with a title company and are on their laptop with an aircard checking the condition of title right at and up to the auction time to limit their exposure. Buyer beware is critical in this situatiuon.