6 Images Total
It's not just about cutting lawns and patching holes. To convey a foreclosed property into the Department of Housing and Urban Development's ownership, servicers are on the hook for every last detail of a vacant house. Here are five key pieces of the preservation puzzle.
Beware of HOA Fees and Property Taxes
Identifying whether there are HOA fees or property taxes due or if liens have been attached to a property is crucial to avoiding a mess later down the line. Hidden delinquencies on fees or taxes can further delay title transfer and conveyance of the property and cause costs to soar.