Re: pre-foreclosed homes -- these are typically short-sale homes, which means that the Sellers are attempting to sell them before the house gets foreclosed by the bank. In these cases, the Seller might agree to a lower than normal offer, but it will be subject to final bank approval. The bank must then approve the sale, as they will net less than what is owed on the current loan. This can take quite a while, so be prepared for a long haul. However, the results can be phenomenal and deals can be had that might not otherwise be possible. Check out the TEAM GOLD website at:
http://www.justlistedlakecounty.com . We do short sales all the time and have many listed currently.
- Thu Jul 31 2008, 18:25