Click on the link below to see the description on this one.
If you are looking to buy a lender owned property contact a RealtorÂ® in your area as most available lender properties are available on the MLS.
I sure wish those prices were purchase prices for the homes I would buy a couple of dozen.
You are rightâ€¦â€¦ foreclosures are a great opportunity for buying low and gaining some good equity..... ONCE you get through the purchase process.
Just to outline some of the process you need to;
â€¢ Have plenty of time for the banks to return your offer.
â€¢ Have clean financing or Cash would be better
â€¢ If you want to make your sale is contingent on inspections than â€¦â€¦..
1. Be prepared to risk you Home Inspection money.
â€¢ I have had experience with Banks "shopping your deal" Be careful... buyer beware!
Call me if you have any interest in us batting for you :-)
Thx John Curci RE/MAX Properties Newtown
Top 20 in the State of PA for 2008.... 215-757-2889
I have almost 11 years of dealing with bank owned properties and what I can tell you is that it's not as easy as everyone makes it out to be. There is a lot involved and even more to know. I could fill up three pages on everything you should know and be aware of. If you have some time, check out my blog at http://www.reneeporsia.com. I write a lot about foreclosures. I think you may find it helpful.
I also wouldn't mind answering all of your questions if you wanted to contact me some time.
If this is something you are thinking of getting into, now is a great time but you must surround yourself with an experienced, aggressive buyer agent who knows how to deal with banks as well as a reputable mortgage company.
I'd love to hear from you.
RE/MAX ACTION REALTY
(215) 669-0589 Direct
(215) 358-1100 Office Ask for Renee
If you would like to discuss the foreclosure purchase process at great length please contact me. I work with investors on this type of business and can help you get through the red tape.
Carol Murray Cei
For Philadelpha investment properties, one great resource is http://www.phillyinvestorhub.com .
If you have other questions, feel free to contact us through our site below.