Foreclosure in 20002 : Questions & Answers

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Raman Mehra, Real Estate Pro in Washington, DC
Raman Mehra answered:
Should I buy a short sale or foreclosed home? What are the advantages or disadvantages?
Sarah,
I see many agents have explained to you what a Shortsale and a foreclosure is. The answers are all right but nobody should advice if you should or should not buy a Sh ... more
0 votes Share Flag Mon Nov 11, 2013 Foreclosure in 20002
Erica, Real Estate Pro in San Jose, CA
Erica answered:
I Am Seeing Houses With Very Low Listing Prices__$10,000___are They The True Prices Of These houses
I'm not seeing this answer, I apologize if it's redundant -- sometimes there are listings of the "amount in default" on a home. Let's say someone owes $10,000 a ... more
0 votes Share Flag Thu Jun 30, 2011 Foreclosure in 20002
Kthomas, Home Buyer in 20002
Kthomas asked:
I am looking at a vacant lot (teardown) in Hinsdale, IL. What is the average sale price vs. list for a lot? (In other words, what is a realistic offer as a % of the asking price?) The house is already removed, but there is a large tree in the center of the property that would need to be removed as well.
0 votes Share Flag Sun Jul 25, 2010 Foreclosure in 20002
Jason Skipwo…, Real Estate Pro in Washington, DC
Jason Skipworth answered:
Gerald--houses are in Mpls, Minnesota. I am moving there in June. I am looking for Rental Properties. The houses are not in great areas but
Hi Alex,

Are you familiar with Minneapolis? I think it would benefit you to have Realtor working for you and scouting properties for you. Would you like me to put you in touch with ... more
0 votes Share Flag Wed Feb 10, 2010 Foreclosure in 20002
Rick Sharga, Real Estate Pro in Irvine, CA
Rick Sharga answered:
Regarding foreclosures; what is the average list price vs. average sales price (or a rough estimate)?
You're getting a lot of good advice Edwina.

From a statistical standpoint, the average property in some stage of foreclosure (including REOs) sold for about 77% of the estimated mar ... more
2 votes Share Flag Tue Apr 15, 2008 Foreclosure in 20002
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