Distress Sales/Bank Foreclosures
Distress Sales resulting from bank foreclosures often represent a great way to get a fantastic deal on a home. It's not easy for the average homeowner to find these deals, because you have to keep scouring the paper to see when one comes up. We refer to this type of purchase as a pre-foreclosure sale, often referred to as a SHORT SALE. Technically it is a short sale only if the lender (bank) agrees to accept less for the property than they are owed. The goal of the pre-foreclosure sale is really two-fold. 1. To keep the owner or borrower from being foreclosed upon (repossesion of the home) and 2. Get the best deal possible for the new buyer. BEWARE, the pre-foreclosure purchase (short sale) can be a long and tedious negotiation with the bank, with no assurance of a positive outcome for you, the buyer. That is why you need to pick an experienced agent, who is well versed in all aspects of the pre-foreclosure, short sale or foreclosure (bank repo) sale. The HouseCall Realty Team and the RepoKing.com are such agents. To receive a FREE list of foreclosure properties in your area, simply fill out the information on the form below, including the price range and areas you are interested in, and we will send it out FREE and without obligation. Or if you prefer, call our office direct @ 702-933-7646 ext. 4, and we'll explain how you may be able to make the BUY of a LIFETIME! |
