Actually, there are very few forclosures on Mercer Island right. The wonderful deals are being found in Corporate Owned property aka RELO. These homes are priced to sell and the companies are making deals. The original sellers have been relocated for a new job, so you do not run the risk of angry sellers trashing the house...as in many forclosures. You are going to need a local agent to help you negotiate the deal, and one who is familiar with the current market (changing daily).
Hope this helps. - Thu Aug 27 2009, 17:35