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The most serious problems found in foreclosed homes are often caused by broken plumbing pipes or leaks. What may at first just seem like a shoddy bathroom repair can lead to rotted floors or walls that could cost thousands to replace. Get a sense of the situation before you commit. Check faucets for water pressure, inspect the ceilings and baseboards for water stains, and look for signs of mold and mildew, which can be indicators of plumbing problems.
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