Lexington SC Foreclosures
Lexington SC Foreclosures are at an all time high! Why the excitement? Because that is great news! when you have Lexington SC Foreclosures that are keeping the market flooded, this translates into unbelievable deals for you (the buyer). Because of our nation's current economic state, many people are not able to afford mortgage payments they once could. Because of this, consumers all over the country are getting their dream home at prices way under the appraised value. Having the right Lexington SC Real Estate Agent and the right place to search for your Lexington SC homes for sale is vital to your success as a bargain hunter. Getting someone you know and can trust can either make or break the deal for you. That's why Lexington SC Foreclosures and are the way to buy here in the Midlands!
With the fall in the stock market, the increasing unemployment rate, and lack of consumer spending, many people are unable to pay their once affordable mortgages. Because of this, banks nationwide are seeing a drastic upturn in the amount of foreclosures. Because the banks cannot afford to these homes, they are selling them at drastically reduces rates which translates into huge deals for the buyer.
A recent Lexington SC Foreclosure that would normally sell (and which did appraise) for $425,000 just sold for $215,000.
Another Lexington SC Foreclosure that has appraised for $160,000 has just recently sold for $80,000!
With deals like this who can afford not to buy? Contact the best Lexington SC Real Estate Agent today!
Why would the bank let a home go for that much off the real value? Well, when a bank takes a home into its inventory, such as a Lexington SC foreclosure, that file sits on their desk for up to about a year, all this time losing money. Once the file has been approved for sale, and the foreclosure process is completed they list the property for sale. When the home was originally sold, the bank required mortgage insurance, which guarantees the bank the lost money because of foreclosure. So when a bank sells you a home for $70,000 where the current amount owed is $100,000, they simply file an insurance claim and never lose a penny.
Sure getting great deals is important, but not possible without the help of someone who knows what they are doing. A REALTOR that has worked with banks and has been through the in's and out's of foreclosures is vital to your bargain shopping success. When looking for these Lexington SC foreclosures, make sure to find an agent that has worked with the banks, and that know s the process good enough to ensure success for you. The best and most knowledgeable Lexington SC Real Estate Agent is imperitave to your next home!
For more information on Lexington SC foreclosures or Columbia SC foreclosures or to search for Lexington SC homes for sale contact me today!
Comments(1)