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How can I buy a San Diego Foreclosure Homes ? Well, you have come to the right place. The best way to buy a San Diego foreclosure or REO investment property is with the help of an experienced, qualified San Diego foreclosure real estate agent. There is a lot of talk about "Foreclosure" home buying, especially on TV infomercials and various Internet sites where it is claimed that you too can either save a fortune or make a fortune by buying foreclosure properties. And yes, it is certainly true, especially in today's foreclosure real estate market. But without the help of a foreclosure specialist, you could make the wrong move.

 Occasionally, there really are foreclosure bargains.  But that is also true of the real estate market in general.   If you do have an interest in foreclosures, your interest should be tempered with a clear understanding that not all foreclosure prices are bargains.  In fact, many are not because of the bidding process that can be involved.   It's a bit like any other auction process.   Sometimes the potential buyers bid the price above what the item is intrinsically worth.  Also, recognize that a low price, by itself, does not indicate a bargain.  The property may require costly repairs or improvements before it can be occupied or resold.

On the other hand, if you are a "do-it-yourselfer" and you don't mind investing a good deal of your own time, energy and money in what is known as "sweat equity," a foreclosure home, particularly one that needs some cosmetic work, can be a good investment.  But, know what you are getting into.

Foreclosed homes are typically sold "as is" meaning there is no warranty as to its condition, the type of financing available on it, the form of title, and, among many other things, the rights of any lien holders.   Get good legal advice as well as good real estate advice.

The U.S Department of Housing and Urban Development (HUD) is one of the largest entities involved in selling foreclosure properties and their website is a good place to start to learn more about buying foreclosure properties.   Their website is at: U.S Department of Housing and Urban Development

 A knowledgeable and experienced Realtor® is an "absolute must," particularly for first-time buyers of foreclosure properties.  You've heard the phrase about Travelers Checks, "Don't leave home without 'em.".  Well, there should be a similar phrase about buying a foreclosure property "Don't buy a foreclosure home without a Realtor® who has expertise and experience with foreclosure properties."

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