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Foreclosure in Gulf Shores : Real Estate Advice

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  • Local Info2
  • Home Buying32
  • Home Selling9
  • Market Conditions11

Activity 3
Thu Sep 22, 2011
Sally Grenier answered:
If you are interested in buying, then you should find a Realtor, who can work for you as a Buyer's Agent. He/she can look into this property and see if it's still available.
0 votes 1 answer Share Flag
Wed Apr 13, 2011
Shane Willis answered:
This is a trend that will continue. Banks are even coming out with programs that encourage short sales over foreclosure. The banks just don't want any more homes. With that being said, The price is negotiable to a point. Are you going to pick up a short sale at 50% of it value (HIGHLY unlikely) I don't like sayying never.....At the same time could you pick up a short sale 15-20% below market value.Yes. The pro's to a short sale is that most of the time the owner is still living and maintaining the property, whereas a foreclosure it is unknown how long it has been neglected. Cons. Sometimes Short sales can take a while.....You can read horror stories about a bank dragging them out for months. So if you need to move withing 60 days I would shy away from them. Hope that helps

Good Luck

Its a Good Life
Shane WIllis MBA, CDPE
... more
1 vote 6 answers Share Flag
Sat Apr 9, 2011
Shane Willis answered:
Its around 275 a month. Were you able to gte a viewing of the unit?
0 votes 3 answers Share Flag
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