As Dan stated correctly, the fact that something is a foreclosure property does not make it automatically a good deal. Here is where caution, experience, and skill, play a crucial role.
While an experienced agent can not make the decisions for you, they can guide you though the labyrinth and in some instances negotiate on your behalf.
Short sales, bank owned properties (REOs), FannieMae sales, and HUD homes all have their relative advantages and disadvantages, and call for different strategies.
If you would like to discuss this I would be happy to meet with you at our office and take you through it.
CDPE (Certified Distressed Property Expert)
SFR (Short-Sale Specialist Certified)
CHBA (Certified Home Buyer Advisor from NAEA)
CSBA (Certified Home Seller Advisor from NAEA)
NAEA Member (National Association of Expert Advisors)
Residential Real Estate Expert Adviser
Lic. Realtor Associate
EXIT On The Hudson Realty
(888) 462-6573 Ext. 101 / (888) HOB-NJRE Ext. 101
FAX (888) 462-6573