The housing market has been unusually hostile for a while now. High interest rates combined with low inventory have made it especially challenging for prospective buyers to get what they want/need in a home. One way to potentially navigate some of the financial obstacles, is to buy a property under foreclosure.

What exactly does purchasing a foreclosure entail? What are the pros and cons? How can you go about the process and mitigate risk along the way? GOBankingRates consulted real estate experts to answer these questions.

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https://finance.yahoo.com/news/experts-buy-foreclosure-really-costs-160315178.html