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Susan Redfield's Blog

By Susan Redfield | Broker in Miami, FL
  • Foreclosure – Get Out While You Can

    Posted Under: Home Selling, Foreclosure  |  October 15, 2010 10:45 AM  |  206 views  |  No comments
    In 2010, the foreclosure rates are simply staggering.  There are many people who believed they could work with the bank and figure out a way to make their payments before receiving the foreclosure notices.  Then there are those who placed their home on the market in the attempt to unburden themselves of the house before the foreclosure happened.  Although, because the current market is definitely a buyer’s market these homes sat on the market for too long for the owners to maintain and the bank still foreclosed.  If this is the position you are in, there are some things you can do to help sell your house before the bank forecloses.  The most important thing to remember is not to ask too much for your home.  Although the house was bought for $200,000 five years ago, it is not worth that in today’s market.  This is the biggest mistake home-sellers make in the current housing market.  Your home could sit on the market for so long that the bank still forecloses.  Make sure you have an experienced appraiser come out to your house and research similar homes and prices in your area.

    Read More: http://www.usreoproperties.com/blog/foreclosure-get-out-while-can/
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