You also need to address damages. If your property has damages on walls, floors, bath rooms, etc... you want to repair them all before moving in. Therefore, the process of moving into a bank owned house requires more steps:
Deal completed ==> Review Inspection ==> Repair Major Damages ==> Address and repair all the damages ==> Moving in.
From offer to moving in, 3-5 more steps are necessary in case of foreclosure homes. In addition, including inspections by experts, any and all these additional steps are not simple and easy.
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