Ask Question
BusinessBusiness
11 February, 15:32

What makes buying a foreclosed property risk

+4
Answers (1)
  1. 11 February, 15:55
    0
    You can not check the property beforehand for damages, which is a risk.

    Explanation:

    A foreclosure property is that property which is being sold off by a lender in order to payoff default.

    There are a number of risks involved in buying such property. The process of buying is lengthy and complicated.

    Buyers are not allowed to check the property before auction. Often these properties are damaged because the owners can not afford to manage. Or the angry owners may damage the property purposely in order to punish the lenders.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What makes buying a foreclosed property risk ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Ten reasons why we need to have laws for business's
Answers (1)
Bart wants to know whether skateboarders have faster reactions than non-skateboarders. He recruits 25 skateboarding teenagers, and 25 non-skateboarding teenagers, and measures the reaction time of each group. What type of design is this?
Answers (1)
Suppose that the average cost of a doctor visit is $100. If the government imposes a price ceiling of $50 on the cost of a doctor visit, there will be:
Answers (1)
The chief complaint is always the main reason a patient seeks care
Answers (1)
Direct conversion, where the new system is turned on and the old system is immediately turned off, is the simplest and most straightforward method, but it is also the most risky because any problems with the new system may seriously disrupt the
Answers (1)
New Questions in Business
Which is used for determining the hours of care and staff required for a group of clients?
Answers (1)
When discussing the marketing planning process, stp stands for?
Answers (1)
review the discussion and analysis section of the report and discuss at least two opportunities Microsoft sees as growth possibilities
Answers (1)
In analyzing a market system, economists often assume that firms will choose the production techniques that will give them the maximum revenues
Answers (1)
Which of the following is a difference between the concept development stage and the product development stage? A.
Answers (1)
Home » Business » What makes buying a foreclosed property risk
Sign Up Forgot Password?