A friend of mine recently spotted Chip and Joanna from HGTV’s Fixer Upper at a coffee shop.
Actually, scratch that.
Her husband spotted them, went back to their car where she was waiting and said, “You need to go in there!”
Her husband!
Five man points to him.
G wouldn’t have a clue who they are, but you know who he would recognize? Tarek and Christina from HGTV’s Flip or Flop. We’ve been total voyeurs over that show lately, watching how they buy and flip foreclosed homes and make $60k in 30 minutes. They make it look so easy, but as your regular ol’ homebuyer who’s considered a few foreclosed properties in recent months, I can assure you it’s not.
My recent Homes.com article shares a few things you should consider as you decide if that foreclosed home is for you: Signs of Good & Bad Foreclosures.
(Feel free to pin this for future reference, Tarek and Christina.)
My husband and I bought a foreclosed home over three years ago. It came with a 2 year home warranty, which was fantastic and really provided us with a nice peace of mind. However, the police sheriff has been at our house twice in the past week looking for the previous owner because it is the person’s last known address. We also get a TON of debt collector calls. Those were things we didn’t think of at the time, but are definitely something to consider when buying a foreclosure. The calls don’t bother me, but the sheriff definitely scared the daylights out of me on Sunday morning.
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Such great points, Heidi! I never would have thought of the legal issues you might have to deal with as a result of the previous owners. Thanks so much for sharing! (And I hope those sheriff visits end soon!)