You might inherit unpaid property taxes, HOA fees, or other legal claims against the property.
For REO and short sales, never skip the professional inspection. It’s your only chance to uncover "money pit" issues before you’re legally bound to the house. can i buy a foreclosed home
If a home isn't sold in pre-foreclosure, it often goes to a public auction. These usually require cash or a certified check on the spot. You typically cannot inspect the interior before bidding, making this the riskiest option. You might inherit unpaid property taxes, HOA fees,