Foreclosures and bank owned properties are two ways to get a great deal on a home. Purchasing these types of properties isn't much different than buying a home from a regular homeowner, but there are a few details to be aware of before making such a commitment. Foreclosures and bank owned properties are sold as-is, meaning that in most circumstances they will not fix any existing problems. Many of the financing rules are also different, which is why it is important to have an experienced agent help you through the process.
The Paragon Group has extensive knowledge in these types of sales. If you would like more information, please contact Matt or Chris.