Foreclosures: Not always a good deal

A friend of a friend found the deal of the century in a foreclosed property and is strongly encouraging you to do the same thing. But be warned that when it comes to buying a home, a so-called bargain may not be all it's cracked up to be! For example, homes that have been neglected for long periods of time may need major renovations. Also, you will need patience to spare and cannot be overly demanding in terms of the style and location of the house. If this type of purchase interests you, contact your caisse for more information.