QQuestionBusiness Law
QuestionBusiness Law
"What makes buying a foreclosed property risky? Select two.
A. The title fee is set later and can’t be negotiated.
B. They’re usually sold ""as is.""
C. Usually, you can’t inspect the home in advance.
D. You must use an adjustable-rate loan for purchase."
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Answer
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Step 2: Understand the Context
Foreclosed properties are homes that have been repossessed by banks or lenders after the previous owner failed to make mortgage payments. This unique situation creates several potential risks for buyers.
Final Answer
B. They're usually sold "as is." C. Usually, you can't inspect the home in advance.
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