Homes in Lafayette and West Lafayette - List of Foreclosures, Short Sales and REO Properties

By
Real Estate Agent with The Romanski Group/ Keller Williams Realty

 Foreclosures/REO Properties and Short Sales are in every price range now.

There are more and more homes coming on the market today that are considered a short sale property or a foreclosed property. 

Borrowers are often are given a grace period to avoid the foreclosure process, often 2-3 months. The borrower may opt to sell the property during this pre-foreclosure stage if they can't make up their missed mortgage payments. This is typically the best time to strike a deal, as home owners are looking for ways to avoid foreclosure. If the home is purchased during this time frame it is called a short sale.

Buying a foreclosure can be complex and a lengthy process. The complexities of buying foreclosed properties can begin with finding an agent that is familiar with the short sale, foreclosure and REO process, as well as, finding a great deal to avoiding some pitfalls.

Foreclosure rates in the United States are increasing as a rapid rate which is creating an opportune time for investors and buyers. 

Considerations/Precautions: Properties that have been left vacant for a while, be sure to check for any plumbing or electrical issues, foundation problems, and mold. Consider having a whole house inspection by a qualified home inspection company to ensure they're not overlooking problems that would be expensive to fix.

Check to ensure the title is clear and check for any liens - such as builder liens and tax liens - that need to be paid off. This is public information and usually can be found at a county's recorder's office.

Contact The Romanski Group today for a list of foreclosed properties at erin@romanskigroup.com!

Click here for Lafayette and West Lafayette's Ultimate Home Search  

Get this week's local Market Stats - MLS Market Snapshot

(765)532-6148 - RomanskiGroup.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Indiana Tippecanoe County
Tags:
homes in lafayette
homes in west lafayette
foreclosures in lafayette
foreclosures in west lafayette
short sales lafayette
erin romanski

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
100,004

The Romanski Group

Ask me a question
*
*
*
*

Additional Information