Yes, I wish to receive occasional emails about special offers, new listings and exclusice promotions. Even without the crime element, homes that have sat dormant for months or even years have likely been exposed to the elements and thus have a substantial risk of some kind of damage: mold, impaired plumbing, wood rot, termites – things that require substantial outlay to fix, making that bargain price tag less of a bargain.
There isn’t any reason for a foreclosed home to depreciate any faster than a traditionally bought home. Arrive before 10 a.m. on the date of the sale to check in and obtain an auction number. The new owner must continue to comply with all laws and regulations that apply to units subject to rent control and rent stabilization.
Don’t assume that because the home is foreclosed, or because a bank is listing it, you can undercut the list price …