Free List of Bank Owned Properties Or Short Sales
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1) Bank Owned Properties
Bank Owned Properties often represent a good way to get a great deal on a home. As long as you are aware that these homes need work, are prepared to create a realistic budget ahead of time, and remember to leave yourself some financial "wiggle room", you can have an ideal home for much less than what comparable homes (already in top condition) are selling for.
It's not easy for the average homeowner to find these deals, because you have to keep scouring the area to see when one comes on the market.
2) Short Sale Properties
A short sale of a property is where the financial institution is willing to accept less than is owed on the property currently, taking into consideration comparable sales in the neighborhood of subject property. This can open up a window for a home buyer or investor to purchase the property. The short fall is however, there is a long negotiation period and in some cases properties fall through the cracks and the Bank takes back the property as an REO. We have the experience to negotiate directly with the banks to get the best deal for our clients.
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