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Foreclosure in Dover : Real Estate Advice

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  • Local Info0
  • Home Buying3
  • Home Selling0
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Activity 3
Wed Oct 16, 2013
Tracy Hoyt answered:

How can I help you with 2112 Martin Rd in Dover. Are you looking to view the home?

I would be happy to answer your real estate, mortgage or insurance questions. Please review my profile on Trulia and send me a message.

No pressure, just help.

Tracy Hoyt
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Fri Oct 4, 2013
Hello, If you are looking to get pre qualified or have questions abouit financing, please give me a call. 727-365-3133
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Tue Mar 24, 2009
Trey Miller answered:
Assuming you are not talking about an auction, the answer is no. While that may be the balance or payoff for the home, the bank expects to get market value or near market value for the home. So, when a home is listed as a short sale or is foreclosed the bank will be sure to get as much as possible for the home. For a short sale this is accomplished by the bank ordering a Broker's Price Opinion (BPO) when an offer is sent to the bank. For a foreclosed home the bank usually does an appraisal before they put the property on the market. Although I have recently seen overpriced bank owned homes, which is a mystery to me.

Best of luck!
Trey Miller
Prudential Tropical Realty
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Foreclosure in Dover Zip Codes