We've often times warned readers of this blog to steer clear of a foreclosure home, no matter how good of a deal it may seem.
This NBC News investigative report is just one of many reasons why we continue to discourage anyone from buying a Shreveport foreclosure home…
Buying a Shreveport foreclosure home can be very risky, as you have just seen. Don't let your dream home turn into a nightmare. Take our advice and stay away from foreclosures.
Buying a short sale property may not be much better. Typically, Shreveport short sales take longer to sell than normal home sales or a foreclosure home because of the time required for the parties-lender, buyer, seller-to respond. In the past waiting 6-18 months was common, now we find the process taking about 3-4 months if you are aggressively on top of everything.