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Finally some echos that "some foreclosures are not worth buying". While the backyard cemetary is an unusual case by most standards, you have confirmed that not all foreclosures are good foreclosures to purchase. Buyers and sellers have been "trained" by real estate industry professionals to focus on sales comps. Sales comps don't tell the whole story about the state of a market. You also need to understand the overall foreclosure and flipping situation, market trends whether up, down or sideways, prior foreclosure history of the subject property and site influencing factors such as proximity to freeways, railroad tracks, cemetaries (obvious to this article) or positives like golf courses and water views. Such reports exist at HomeSmart Reports. People buy Car Reports for $20 to buy a $10,000 car. Why not pay a little less than that when you're thinking about a home investment of several hundred thousand dollars for an objective third party opinion? Seems like a prudent course of action
