Beware of Buying Foreclosures

Over the years, I have had many people wonder about buying foreclosures to get a good deal. Not only can it take a great deal of your time, because most of the sales require a Court confirmation to close and you many not end up being the ultimate buyer of the property. In this video, I discuss a specific sale in which four buyers purchasing a property as partners (all attorneys) could have have had a very bad day.