Recognizing a Value Foreclosure

These are pictures from a foreclosure property currently on the market. I predict that it will sell very quickly and there is even likely to be a bidding war because of the condition it’s in and the price the bank has placed on selling it. Priced at $188,900 while properly maintained houses in the neighborhood easily sell for $220,000.

Here are just a few of the indicators that it’s a great value:

Here’s what I think the property needs to be in top notch shape. Mind you, I am not a home inspector and a thorough inspection of the property has not been completed, but I’ve been doing this more than a week or two and believe I know how to recognize the really hot properties.