What are the benefits of purchasing a foreclosure property?
Foreclosure and pre-foreclosure (short sales) can typically be purchased well below current market value helping the purchaser to walk into instant equity. Where can the good foreclosure or pre-foreclosure deals be found? There is no doubt that the most challenging part to buying real estate in general is first finding the good deal. It is very competitive out there in the foreclosure world however an experienced Foreclosure Realtor can keep you on top of the heap by setting you up on a daily search of brand new listings. You will need to move fast though. Many new listings receive multiple offers within hours. I feel like I’m taking advantage of someone in foreclosure if I try to buy their home for a discount. Purchasing a pre foreclosure is only helping a homeowner avoid foreclosure. Is it true banks can call a loan due if title is transferred to someone else without the lenders consent? Yes, the lenders have the option of calling the entire loan due (due-on-sale clause) but rarely e
