Foreclosure in North Hills>Question Details

Melinda, Home Buyer in Reno, NV

$529.000 Is that the forclosure price?

Asked by Melinda, Reno, NV Thu Sep 18, 2008

Help the community by answering this question:


I am not sure of your question but if you are asking if the
asking price on a foreclosure is the price of the home,
then the answer is yes and if there is a bidding war
it can go over that price easily.

Lots of foreclosures are priced way under market
value and prospective buyers offer all cash so they are first in line.
ahead of those who have to apply for a mortgage.
I hope this helped you out.

Camille Dandola, ReMAx, Bellmore, NY
1 vote Thank Flag Link Fri Sep 19, 2008
If you are looking into North Hills area for foreclosures where prices are quite high, yes, $529,000 could be a foreclosed price. Understand this, that bank owned properties are listed in accordance to the market value, they are adjusted however by the condition of the property.
0 votes Thank Flag Link Mon Sep 29, 2008
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