Bank Owned Foreclosures, Short Sales and Distress sales
Distress Sales resulting from bank foreclosures and short sales represent a great way to get a fantastic deal on a home or condo!
What is a Foreclosure or REO?
REO's (real estate owned) are the same as foreclosures. They are properties that have been foreclosed on and are now owned by the bank and are listed with a real estate company to be sold somewhere between auction price and fair market value.
What is a Short Sale?
Short sales are properties that are still owned by the homeowner. They are selling the property with the expectation that the bank that holds the mortgage against the property will accept a payoff on the loan of less than what is owed against the home. These properties are usually priced competitively with the bank foreclosures but can take anywhere from a month to several months to find out if the bank will accept the short sale. They usually do, it just takes time.
If you're the type of person who recognizes what a great deal these properties could represent, then try this free service The Dan DeNuccio Team offers. Get automatically plugged in to the most current list of foreclosure or short sale Properties on the market, in the price range and area that interests you. This time saving service will help you find the best values and most recent listings on the market.
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You can request this free service by simply filling out the information on the form on the right side of this page, including the specific price range and area you would like us to search for you. When you have completed the form just click the "Submit" button.