Distressed Properties as Investment Opportunities

In a short-sale the lender is willing to consider a sale below the amount of mortgage owed on the home. If instead a foreclosure auction is held and the home does not sell, the bank/lender becomes the new owner of the property (bank-owned or REO, real estate owned).

Short-sale and REO properties often represent excellent purchase opportunities as they can frequently be acquired below the current market value.
In the current market climate, banks are often motivated to agree to a short-sale in order to escape foreclosure. Similarly, banks are motivated to sell REO in order to recover some portion of their investment.

You can search distressed properties using my Foreclosure Radar search Widget below. Upon request I will be happy send you a detailed report on the properties of your interest.

For further information and showings, feel free to contact me. I will ensure your interests are protected in the purchase of a distressed property. Banks and their listing agents often demonstrate limited motivation to provide details on a listing, such as reports, inspections, photos and other information pertaining to the property.

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