Foreclosure As Diamond in the Rough

Episode HMFP-1306H

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  • September 16, 2013

    7:30 AM e/p

Stephanie would like to find her first place in Fairfax, VA close to the school where she teaches so she can shorten her commute. She quickly learns that there's not much on the market that appeals to her at her price point of $217,000. One call to a new lender and she's househunting at a new pricepoint--$280,000. She falls in love with a foreclosure. Undaunted by a terrible inspection and her father's advice to walk away, she closes the deal and starts renovating her $271,000 ''diamond in the rough.''

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