There are many people who watch the real estate market with an avid interest in foreclosed properties. Foreclosures tend to market for less than their value because the bank that owns the property is more concerned about covering what is still owed on the property, as opposed to making money it.
It Can Be A Good Deal
It’s true, sometime you can get a great deal on a foreclosure, but banks are not the same as dealing with your typical seller. Banks can take up to two days to get back to you on an offer, and you don’t get the benefit of having conditions like you would with a regular seller. Foreclosures are sold “as is, where is” which means no one is coming to fix any plumbing or replace any screen doors before you move in, unless you are the one…
1236 Views, 0 Comments