Hi it's Eric Beaverford with Maxwell Polaris. I hope you had a great start to your 2018! I have had many requests asking me about foreclosures and bank owned properties lately. My reply is always it's house by house or condo by condo. Some are great some are good and some not so good. Some have been renovated or partly renovated and some are like new and some need serious repair. Some are difficult for the first time home buyers because no conditions will be accepted while other lenders make it easier on the buyer.
It's really important to due as much background on the property as possible. Time on the market, condition, area, unfinished projects, roof, furnace ect. While negotiating it's important to put an inspection condition and make sure utilities are turned on for the inspection. Many time the properties are winterized and power and gas is off. It's worth looking at if the price is right! Feel free to call me anytime at 780-288-1293. Good luck and hope to see you soon!