5 Foreclosure Homes Available In Greater Cleveland

CLEVELAND, OH — Foreclosures are boom or bust deals. You can save a lot of money on a foreclosed property, but you should also examine closely the amount of work such a property may required. Foreclosed homes are typically sold "as is," meaning your bank loan isn't going to cover repairs.

With foreclosed homes, the owners are not required to disclose every single flaw with the property. However, you can take certain steps to prevent buying a lemon. First, research how long the house has been vacant, whether it went unattended through a freeze-and-thaw cycle, or if a natural disaster of some kind left the home with scars.

Second, hire a home inspector. The inspector will go through the house and create a detailed list of all the repairs the home will need. You may also want to hire someone to conduct a title search to determine if there are non-bank liens — for example, an IRS lien — on the property that don't follow the seller, usually the bank, once the property sells.

Patch’s real estate partner, realtor.com, has more tips for buying foreclosures. We found five properties in Metro Detroit that may be worth checking out.

Here are 5 foreclosed on homes in the Greater Cleveland region.

This home at 5949 Stumph Rd. in Cleveland comes with three bedrooms, two baths, and a two-car garage. The house also comes with a lot of lawn space to play with, so enterprising home buyers could improve the home's value with some yard work.

You can learn more about his home by clicking here.

Located in Berea, one of Cuyahoga County's most popular suburbs, this foreclosure comes with three bedrooms, one full bathroom, and one half bathroom. The house also features a detached garage.

Learn more about this property by clicking here.

This Bedford area home is on 915 High Street. Built in 1958, the house comes with three bedrooms, one full bathroom, and a detached garage. Learn more about this property by clicking here.

If you're looking for a little more space, this Cleveland foreclosure may be a better fit for you. Built in 1927, the home comes with seven bedrooms, two baths, and a detached garage. The house will cost you about $49,500 according to realtor.com.

Learn more about this property by clicking here.

This 1919 home on Cleveland's West Side can be yours for only $33,000. The house comes with one full bath, one half bath, and three bedrooms. You can learn more about the property by clicking here.