Protect Foreclosure Properties With Unreal Vacant Home Insurance
The Financial Implications of Foreclosure Properties
Owning a foreclosure property can be a lucrative investment, but it also comes with its own set of financial responsibilities. According to the National Association of Realtors, foreclosure properties can be purchased at a discount of approximately 15% to 30% below market value1. However, the savings can quickly be offset by repair costs and potential liabilities if the property is not adequately insured.