There's a lot of media attention on the subprime market. Crye-Leike's REO division works with lenders to manage and sell their foreclosure properties. Home foreclosures in Arkansas are up. Our asset management services include property management, marketing, and selling foreclosure properties.
Many people have the thought that foreclosure properties are going to be a good deal.
- Question - We hear this question a lot - Does the bank sell it for the amount owed on the loan? Does that mean it is selling for less than its worth?
- Answer - Not really. Think of the lender as a professional seller. They work with realtors to determine fair market value for each property. They order appraisals. Many times a the amount owed on a property is more than the property was worth.
If you are interested in foreclosure homes for sale in Central Arkansas check out thie home foreclosure property search. The search is open to all web site visitors (for no charge).