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Why You Should Always Inspect Foreclosures Before Auction

1 min read
Joshua Dorkin

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Since I’ve been focusing on foreclosures lately, I’ve been doing quite a bit of reading on the topic. I came across an interesting article today in the Lowell Sun that discussed the amazing story of a foreclosure investor in Billerica, Massachusetts, who bought a foreclosure home at auction and was unable to enter and inspect it prior to that auction. When he finally entered the home, he “discovered the former owner’s dead body, along with numerous semiautomatic weapons, ammunition and even a World War II-era bomb.

Police and the state’s bomb squad evacuated the neighborhood to allow the bomb’s removal. Ultimately, an investigation determined that the weapons were legally licensed and the bomb was inactive. However, as The Sun reported, the man was dead (inside the home) for “a bit of time,” according to Billerica Police Chief Dan Rosa.”

I’m not sure about you, but this story will make me think twice about picking up a foreclosure sight-unseen . . . until I get over it tomorrow. It is a pretty crazy story, though.