FORECLOSURES: With the downturn in the Real Estate Market, opportunities abound for great deals. If your looking for a bank-owned (also called REO or Foreclosed) property, contact us today. We’ve been finding foreclosures for our clients since the first started appearing in the Palm Springs area in 2006.
When you buy a Foreclosed property, you are buying it directly from the lender or it’s representative. The benefits of buying property at this stage is that any liens or judgments will already have been eliminated by the foreclosure sale. Because REO inventories are growing, the sale price can be 10% - 40% below market value.
SHORT-SALES: Great opportunities may exist for purchasing a home at 10 - 40% below market value, mainly through ‘short sales’, meaning at a price below what is due on the owners mortgage. However, getting the lender to agree to a short sale can require months of negotiations and the submission of a short sale package documenting the sellers homeowner hardship. For those buyers willing to take the time and work when working with a short sale, the price may be worth it. We’ve been representing buyers and sellers in the short sale process since 2007.
ATTENTION INVESTORS:
IF YOU ARE LOOKING FOR A GREAT DEAL ON A BANK OWNED PROPERTY, CALL US TODAY. THE BEST BANK-OWNED VALUES SELL WITHIN DAYS OF HITTING THE MARKET, SOMETIMES WITH MULTIPLE OFFERS.
IF YOU ARE READY TO PURCHASE, CALL US NOW TO FIND OUT WHAT IS CURRENTLY AVAILABLE
(760) 332-8782
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