Buying repossessed houses - pitfalls?

Lingua

Registered User
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112
Does anybody know what are the downsides of buying a house which has been repossessed by the bank? Apart from making sure you are not taking on unpaid bills of previous owner...(I read this here on a previous thread on same subject) are there any areas to particularily watch out for?
The house I have in mind is an absolute bargain and makes me wonder why.
The EA is saying nothing. The family (builder) still lives there but desperate
to get out.
Thanks for any feedback!
 
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