Foreclosures

A Foreclosure, also known as a REO, Bank Owned, or Repo, is a property that has to be taken and re-sold by the lender after the borrower has quit making payments.

Foreclosures are producing some of the best bargains in today’s real estate market.  They are in fact, accounting for up to 50% of all current sales, depending on area.  Though keep in mind foreclosures are normally sold in ‘as is’ condition, and are not always ready to move into.

Having specialized in REOs for many years, I will be happy to help you with any questions you may have.  I can also assist you in determining the status of a particular property in question, or compile a list of current foreclosures in a particular area for you.
There are also assistance programs such as for first time homebuyers, and some properties offering incentives including $100 down payments and $1,000 cash back. You can find examples in my ‘featured properties’.  Contact me for more details, questions, lists, etc.