The California agent may have this problem in their area, however we do NOT. Real estate is local and the Austin area is still pretty strong. While there are bank owned homes in almost every zip code, some areas are more immune to Foreclosures. As mentioned previously there is only one foreclosure home in this neighborhood right now. If you want local information please contact a local Realtor to help. I wish you luck!
Bank Owned Homes are decreasing in our inventory of homes. The advantage of buying a bank owned home is the sale can close quickly. Typically, bank owned homes are sold in â€œas isâ€ condition and banks do not make repairs. Sometimes, banks will consider fixing a health and hazard item in addition to repairs required on an appraisal. Buyers should consider bank owned homes in their home search.
Prudential California Realty
Betina Foreman- Realtor, C.N.E.
Austin Home Girls Realty
I represent buyers purchasing foreclosures. The important thing is that your buyers agent fully explains that you are buying the house with no repairs, no disclosures and AS IS. Also, as your agent I will make sure a title insurance policy is purchased to ensure that the title comes clear with no liens.
Call or email me and I will find you a Lakeway foreclosure.
Dawn Krantz-Private Label Realty
Are you working with a Realtor? You should be.
Interest rates are slated to increase in March, so if you are serious I'd try to have your rate locked in February...which means that you need to have property in escrow by then, which means you need to start looking today.