Vanguard Realty Associates

Vanguard Realty Associates


Buying a Foreclosed Home: What You Need to Know

Filed under Buying a home on Jun 20,2018 | Tagged in:

Tempted by that sign offering a great home, at a bargain-basement price?  It’s probably a foreclosure.  It could be a great investment or a nightmare, depending on how well-informed you are about the risks and rewards.  You’ll get the home for a good price, but it will be sold “as is.” That means you’ll probably need to make repairs.  Be sure to have the home inspected so you know how much you may need to put into those repairs.  Foreclosures can also be problematic because a former owner may challenge the foreclosure in court.  It’s a good idea to hire a real estate attorney with experience in foreclosures.  Your attorney can help you avoid a home with too much legal baggage. 

For more information on buying a foreclosure, read this article from House Logic, or consider these 9 Tips for Buying a Foreclosed Home from The Lenders Network.  Most importantly, do your homework and look before you leap.  If you decide a foreclosure is not for you, you can find a home the time-tested way:  by trusting the team at Vanguard Realty Associates!

Please follow and like us:


THANK YOU for all you guys did to help us find a home and go thru a smooth settlement. We appreciate the time and patience that you showed us as well as the individualized attention. Thank you for making this all possible for us. If we ever know anyone that is trying to find a home we will gladly recommend you. You guys are the best! Search for a home today

Client Two


Easy Cookies for a Crowd Read More


Holiday Clean Out Read More


Totally Tinseled! Read More


2350 Butler Pike, Suite 6, Plymouth Meeting, PA 19462 | Phone: 215-542-8381 | Fax: 484-344-5344 | Email:

Offering the best Montgomery County PA Real Estate and Bucks County Real Estate

© copyright 2022 Vanguard Realty Associates