St Jean James R
Real Estate Agent in Manchester, NH

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How to Buy
read moreWhen buying at foreclosure sale, you should complete your "due-diligence" before the sale, because the contract you sign at a foreclosure sale has no contingencies to your obligation to buy. If, for example, you cannot get financing or title insurance, that does not relieve you from your obligations under the Purchase and Sale Agreement, and should you fail to close, you will forfeit your deposit. Keep in mind, however, that in most cases, the foreclosing bank completed the same due diligence before making the loan and as a result, we rarely run into any problems that cannot be easily and rapidly resolved prior to the auction itself.