Buying a foreclosure home in Abbotsford

By
Real Estate Agent with Century 21 Coastal Realty Ltd.

I received a few inquiries in the last few weeks from potential buyers of homes in foreclosure. All callers had one thing in common, they were expecting to save a truckload (or a car-load at least) of money in the transaction. Yes, the economy is bad, yes, there are more homes in foreclosure than previous years; but no, lenders can not sell a home for the amount of outstanding mortgage unless market value of the house is same or lower (yes, that happens in this market) than the balance of outstanding mortgage. READ MORE >> >>

abbotsford homes in foreclosure

Comments (1)

Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Raj

I have the same assumption from Buyers lately wanting to save a boat load. If it is a great deal to begin with I would think buyers would really know what a deal is in front of them.

Jul 18, 2009 04:29 AM