Distressed properties represent good opportunities for buyers. Distressed properties 
are those homes that are offered for sale because of an impending foreclosure or repossession.
Short sales are distressed properties in which the homeowner hopes to sell prior to the foreclosure process. A short sale is a sale in which the lender agrees to accept less than the balance due on the loan(s).
REO’s or foreclosures are bank owned properties. They are normally scooped up rather quickly, therefore, buyers need cash or solid financing prior to making an offer.
If you're wondering about distressed properties available at this time in Camas, Washington, here is the report.
There are currently, 8 Active, 7 Pending and 18 Sold Bank-owned properties. High list price is $999,900 and low list price is $132,300. The median sold price is $170,000.
There are currently 40 Active, 18 Pending, and 19 Sold short sales. The high list price is $1,199,000 and the low list price is $65,900. The median sold sold price is $246,000.
There are still a number of wonderful opportunities for buyers looking for distressed properties - in Camas, Washington - short sales and bank owned as of 12/2011.
Camas is located in East County, for a quick overview of the area - take this
quick video tour.
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