Monday, February 11, 2013

As is

"The government, along with lenders' growing willingness to limit losses by avoiding foreclosure expenses, has pushed short sales to the forefront, although the jury remains out on whether that process moves more quickly now than it has previously.

Anyway, I cautioned my colleague against buying a foreclosure, an endeavor still best left to the pros, especially experienced investors.

Donald Sepety of Prudential Fox & Roach in Collegeville, who specializes in foreclosures, maintains that his biggest job is getting prospective buyers to understand that they'll be acquiring the property as is."

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