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How To Buy Foreclosures
Taking possession of home before closing gets risky

Rarely do you find a home to buy that's in exactly the condition you'd like it to be. Even if the home is new, relatively new or well-maintained, you may want to make changes to the decor so that it suits your style preferences and works with your possessions.

It would be great if this sort of work could be done before you move in. If the home you're buying is vacant, what's wrong with taking possession early and completing the improvements before closing?

There are risks for both buyers and sellers if a buyer does work before the purchase transaction closes. As a buyer, keep in mind that when you do the work before closing, you're improving a property that belongs to someone else. If the closing doesn't occu...
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