buying a foreclosure: 5 Reasons Why You May Not Want to Buy A Foreclosure
- 11/13/11 08:05 AM
5 Reasons Why You May Not Want to Buy A ForeclosureIn my area, we are finally seeing a small decrease in the number of foreclosure (REO) properties sold. Given the state of the economy and the ever-present and ever-threatening "shadow inventory," I’m not sure that the number of foreclosures sold is headed downward permanently. However, I do see another interesting trend -- buyers snubbing REOs! After so many years where buyers felt they had to literally lay down in the middle of the road for the privilege of buying a bank owned property, I am now seeing buyers simply walk away from the foreclosure … (21 comments)
The content provided on this website is presented or compiled for your convenience and is provided for informational purposes only. The information provided on this website should not be construed as offering legal, financial or other advice to be relied on by the reader to make or refrain from making any decision or to take any action. The investment, mortgage or financial services or strategies mentioned in and throughout this website may not be suitable for you. Nothing in this blog should be construed as a solicitation of properties currently under contract with another broker.
Mint Properties is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.
Practice limited to the State of California. Solicitations, negotiations and any resulting agreements are deemed offered and accepted in California and California law to be applied to any contractual matter or otherwise is the state of California, to which all subject matter and personal jurisdiction is exclusively conferred.
CA DRE LICENSE #01871795
5 Reasons Why You May Not Want to Buy A ForeclosureIn my area, we are finally seeing a small decrease in the number of foreclosure (REO) properties sold. Given the state of the economy and the ever-present and ever-threatening "shadow inventory," I’m not sure that the number of foreclosures sold is headed downward permanently. However, I do see another interesting trend -- buyers snubbing REOs! After so many years where buyers felt they had to literally lay down in the middle of the road for the privilege of buying a bank owned property, I am now seeing buyers simply walk away from the foreclosure … (21 comments)
;)
;)
;)
