Buying A Home At A Foreclosure Auction Today

: A study published in PMC - NIH finds that foreclosures have a significant negative impact on the listing prices of nearby homes, with prices within 150 meters dropping by roughly 1.1%.

: In many cases, buyers receive a "Trustee's Deed" or "Sheriff's Deed" rather than a General Warranty Deed, meaning the sale conveys only the interest pledged to the note without warranties of title. buying a home at a foreclosure auction

Papers intended for legal or real estate practitioners emphasize the unique risks of these transactions: : A study published in PMC - NIH