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Real estate
Risks of buying an abandoned property
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[QUOTE="Johnson2468, post: 302137, member: 93261"] One of the risks of buying abandoned property is the condition of the property. An abandoned property may have been neglected for years, leading to structural damage, mold, pests, and other issues that can be expensive and time-consuming to fix. Moreover, in some cases, the property may be beyond repair, which means you could end up buying a property that is not worth anything. Another risk is legal issues. An abandoned property may have various legal complications that can be challenging to resolve. For instance, if the previous owner has unpaid taxes or has a lien on the property, you may have to clear these issues before you can take ownership of the property. [/QUOTE]
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