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.

Current distressed property inventory can be viewed via the links below.

Distressed Single Family Residences
Short sales or bank-owned single family homes currently listed for sale.

Distressed Condos and Townhomes
Short sales or bank-owned condominiums and town homes currently listed for sale.

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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You are interested in a different city, a different price range, or another type of property? I will be glad to run a custom search with your criteria.

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