CORNER LOTS

Some tips on how to avoid real estate nightmares:

• Ghastly pasts: A "stigmatized property" is a home with a shady past (think crack house or murder scene). Sometimes there are good deals to be found, provided potential buyers can overlook a grisly background.

• Frightening home flaws: Many people buy seemingly well-maintained homes only to uncover huge flaws later. Never purchase a house without first having an inspection (even for a new construction) and check things out just prior to closing.

• HOA horrors: Homeowners associations certainly have their perks, but sometimes the rules and restrictions can be a bit much. When considering a home governed by association covenants, review them closely.

• Neighbor nuisances: Problem neighbors can quickly turn a dream home into a nightmare. Before buying, talk to residents to get a feel for the neighbors. Be sure to be neighborly after the sale, too.

• Spooky surprises at closing: Sometimes interest rates, closing costs and even mortgage payments turn out to be higher than expected. Consult an agent or broker to review closing documents line-by-line to help determine problems.