Government Property- Cleveland

[Alon A.]

Hey !

I spoke with agent and she is listing property that belongs to the government.

She has the key and everything so she can go in. She said is FHA loan of someone and he couldn't make it so the government take over that and they put it on MLS market now. the home need full rehab. front porch. siding .water heater..

The agent said that i need to do POS since is Cleveland and that is the law over there, and any repair that they said i would have to do it.

if I decide not i lost $1000 earnest. There is any rules i should know with Government property or basically it should be fine to get it like any other property. What do you say, i can get the property in good price and she said i can put any offer to see if they accept it.

thank you 

[Chris Davidson]

@Alon A. it sounds like this is any other house that needs work, and she is making it sound like she has some great in on it, but it is just on market. 

I would slow down if this is your first deal before you just jump into something. Do you have crews lined up that can handle the repairs?