After completing my first foreclosure contract this year, it amazes me the REO company's still drag their feet and have become no more efficient than in recent years.
My buyers were spot on with everything, we had our due diligence done before the ink was even dry on the original contract. And the forms kept coming; not liable here, no representation there, blahblahblah.
The golden egg is it's done, we are ready to close and it will still be done in in less than 45 days. My point is this; if you are a buyer that wants a home and think that a foreclosure is the way to go, you might want to call a Realtor (not just any) first to get the real picture. There are major risks involved; most don't qualify for certain loans programs, major repairs might get done-small repairs..HA. If there are repairs to be done expect a delayed closing and the work being done to their satisfaction-not yours.
Please visit www.BeaufortSCforeclosures.com to find foreclosed properties and for short sale information, please contact me directly.
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