Home Inspection of bank foreclosures is critical in home buying decisions and may give you bargaining power to negotiate a better price.
Bank foreclosed or bank owned properties are sold "as is" as banks do not get involved in repairing or fixing real estate. Include "subject to inspection" clause in your agreement so that you can renegotiate the price if you find unexpected damages or defects upon the home inspection
Remember repairs by professionals can be costly and you often find in foreclosed homes, efforts by home owners to make repairs themselves when they had neither the money or the knowledge to do the job. Sometimes these repairs, while creative, are just not right and might be causing problems. So repairs were the least of their worries when they were struggling to pay their bills, Even vandalism playes a part in some foreclosures
Damages in areas which may not be visible, example - back up main sewers lines, damage to air conditioner / heating ducts in the attic, damage to a/c coils draining out the refrigerant.
A Quality home inspection will help minimize your risk
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