Home Buying in 12601>Question Details

Sj, Home Buyer in 12601

I am looking for foreclosure properties in East Fishkil and South both in Dutchess and Putnam County, any

Asked by Sj, 12601 Fri Aug 1, 2008

realtors who specialize in foreclosures?

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Any Realtor worth their salt should be able to assist you with this as we all have access to the BOP (Bank Owned Properties) and home in Foreclosure. However; The average home buyer should stay FAR away from this type of property. Those infomercials you see on late night TV are far from the truth. Banks are required to list the properties for Fair Market Value. So even if the bank forecloses on a home worth $300k for $10k in unpaid mortgage debt. They must list the property for $400k, not the $10k they are owed.

In just about every case, foreclosures have been damaged. Some, OK many, are damaged beyond the ability of the average home buyer to obtain financing without major repairs having to be performed first. Unless you are an experienced contractor, you need to either hire one to view these properties with or partner up with one. Many with severe damage will have to be bought for cash.

If this is not up your ally, A Short Sale Property might be a much better opportunity for you. If you wish to continue with the foreclosure properties, I cover Northern Westchester, Putnam and Dutchess Counties. I also have over 20 years General Construction experience. In fact my construction business runs hand in hand with my Real Estate Brokerage. To find out more about my company visit: http://www.stlawrenceproperties.net
0 votes Thank Flag Link Sun Jan 25, 2009
Hi SJ,

I specialize in bank owned foreclosures. Visit my site for a list http://www.CurtDarragh.com.

Curt Darragh
Associate Broker
Houlihan Lawrence
Web Reference: http://www.CurtDarragh.com
0 votes Thank Flag Link Wed Aug 6, 2008
That's a very general topic. I work in Dutchess county and have been a real estate professional for 17 years. I wuld be happy to put you on an automatic search that would send you all Dutchess listings in your criteria. Please email me directly your price range and what your intention is for the property. Are you looking to "fix & flip" or buy to live in? Mortgage or cash? Also are you interested in short sales?
There is a lot out there. Hope to hear from
0 votes Thank Flag Link Sun Aug 3, 2008

what is the purpose of your purchase? Are you looking to invest or buy a home to live in? Have you ever bought real estate before?

Check out the resource.
0 votes Thank Flag Link Fri Aug 1, 2008
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