How to Be a Sucessful Buyer of a Short Sale or Foreclosure

Tags:: Real Estate For Sale Homes Bay Area Foreclosures Short Sales Update Mortgage

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By: brokerruss
Subscribers: 2
Updated: 14-Dec-09
Videos: 48

International
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Views: 8
Added: 26-Sep-09

Many of our buyer clients are currently focused on the entry-level or first-time move-up categories. As I’ve been mentioning for months, housing inventory has dwindled sharply and many of the homes for sale are lender-controlled. In other words many of the listings in these categories are bank owed or short sales.

And the competition is fierce.

You’ve probably heard it from family, friends and co-workers, "You should buy a short sale or foreclosure. There are some great deals out there!" Or, your friend tells you, "I paid way below market!" And to some extent, these statements have merit.
Unfortunately from a practically point, many of these "deals" may not be available to you. Distributed by Tubemogul.