Buying a foreclosed property is easier said than done. Similar to short sales, buying foreclosed properties often require patience, perseverance, and an eye to discern a diamond in the rough.
CNN.com presents 9 Tips for Buying a Foreclosed Home. Most of the tips are common sense, such as conduct a home inspection, consider the neighbor, and see the home for yourself. However, the article did provide some key takeaways such as…

Budget carefully. Yes, whether you are purchasing your first home, second home, pre-foreclosure, not-a-foreclosure property, you should budget carefully. But most …