Thinking of buying a foreclosed home? Think again

Before you jump at the idea of snapping up cheap foreclosed-upon homes, think of the implications. An article by Andrew Moseman in Popular Mechanics lays out five dangers for you to consider:

1. Mold -- These organisms love water—so they love humid places, especially when the air conditioning has been off for a while.

2. Vandalism and break-ins -- One of the reasons mold is such a problem in some states is that vandals steal air conditioning units so they can sell the copper tubing for scrap. 

3. Parting Gifts -- Besides damaging the house in frustration, some foreclosed homeowners try to take whatever they can along with them. 

4. Wild Animals -- Nature abhors a vacuum, and wild animals will often find an abandoned house and make it their home. 

5. Neglected Maintenance -- Most maintenance stops when the payments are no longer being made.

Still think these homes are deals? Read the whole article.

(Photo: Popular Mechanics)