This one wasnt actually on the market but there was a great home recently on Timberridge, in the Three Springs Community by the lake. Distressed property comes in all shapes and sizes. As the local RealtyTrac representative, I have had the benefit of meeting people who are looking for foreclosures and helping them really understand what a VALUE is for them. There is a difference between a deal and a value. I want people who are buying anything, their families home or a real estate investment to consider a lot of factors and buy a home that represents a value for them.
If you are looking to buy a home, a distressed foreclosured property, could be the right purchase for you. There are very few available but they come in all shapes and sizes. It's important to remember that even if a home is foreclosed or other distressed, it will sell for what buyers will pay for it, not as low as some of the prices that auctions open at.
If I can help you find a great property, please contact me so we can start to talk about what a value purchase looks like for you.