Buying "distressed" properties can be a solid investment strategy. We are committed to giving you the opportunity to locate, walk-through, and determine if a property fits your investment strategy.
The financial value of distressed properties has always been considered a loss in their true market value for many reasons. Distressed properties, in a time when the economy is in a ‘downturn’, account for up to half of the homes for sale, in a great percentage of the real estate markets.
These homes have been through the pre-foreclosure process and put on the "short sale listing." The homeowner cannot afford to maintain the mortgage, and rather than foreclosing, the lender agrees to the sale of the property at a loss, or for what for the balance of the loan as it stands. The short sale is a lengthy process and sensitive therefore it requires more attention than a traditional sale.
Contact us to learn more about buying an REO or Short Sale Property.