Determining the Value of a Troubled Property:

When considering a foreclosure home as a real estate investment, it is important to obtain as much information about the home as possible.  Ask the lender for all available information, including the range of bids expected.

Ask your realtor to allow you access to the home so you may examine the property.  If you are unable to access the home, check with surrounding neighbors about the property condition. 

If seriously considing the home, you may choose to complete a home inspections.  Even if the bank won't make repairs, a home inspections can help you determine what reparis will be necessary.  Then decide if the reparis fit your budget.