Anshu Arora LLM, MSc, PMP

Cell 604-828-7331 |


Buy Foreclosures!!!

All foreclosure properties are sold "as is" - amazing words have never been spoken!

Just because the property is listed "as-is" doesn't mean you should skip your inspections. If anything, it's all the more reason to go in with eyes wide open about how much work the property needs.

Luckily, you can still do inspections for your benefit, meaning that they're for informational purposes only, to give you an idea of the scope of work that needs to be done. It's in your best interest to include this contingency in your offer. That way, if the property needs more work than you can handle, you have the option to walk away from the sale.

In addition, you'll want to perform a title search before you buy. Sometimes foreclosures can be sold with liens attached, meaning that any debt against the property will become the new buyer's responsibility. The title search will tell you if there is any debt against the property and how much you will be expected to pay if you accept responsibility for it.

Think this isn't for you - think again. If done properly, investing in foreclosure properties can be very lucrative, and I can help

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