Windham is an outstanding town and great place to buy a property in terms of investment.
Finding a foreclosed property and making it through closing is now a pretty smooth and fairly straight forward process. It hasn't always been this way - but after a great deal of practice regarding many past foreclosures, there are far less problems than we had in the past. One of the biggest hold ups in completing a sale, was that the foreclosed property was not recorded properly, causing title problems and very long delays that took a great deal of time to resolve, pushing the closing date out, and out, and out...
When it comes to short sales, it really depends on who is managing the short sale process with the bank and also the home owner - this will determine the likelihood of the short sale transaction making it to the closing table rather than heading to the foreclosure pile.
Banks have come a long way in terms of developing internal processes to to handle short sales. I have worked with many home owners and have successfully completed many short sales - my team includes a short sale agency and I have been very successful in getting my sellers to the closing table and avoiding foreclosure.
So I guess in short, bank owned properties are a good bet in terms of great value with less bumps when it comes to getting to the closing table. When it comes to short sales, a great deal of research should be done by your agent to ensure that you are setting yourself up for success rather than a long wait and disappointment after a long time waiting and wondering about the property you are interested in and whether your offer will be accepted or not.
There's so much more - If you want to talk live, give me a buzz at 603-860-3357.
Remax Platinum Realty
Licensed and doing business in MA & NH