Buying a bank foreclosure can be a daunting process, but in some cases can mean instant equity for the new property owner. Buying directly from the bank that owns the property is more predictable and methodical, and typically the process from submitting an offer on the property to closing on the property can be achieved in less than one month.
Not all bank owned properties are priced aggressively! With the recent improvement of the real estate market, many banks are attempting to recoup the losses that they sustained from the real estate market correction that occurred a few years ago. Other banks are more concerned about liquidating their real estate assets as soon as possible, because it has a negative impact on their entire portfolio, and are willing to take substantial losses.
Our agents have experience selling foreclosed properties for the banks, and have relationships with banks and the asset managers for these banks that facilitate the sale of these properties. We can assist you in navigating what properties are good deals, and what banks are motivated to sell.
If your an investor or buyer looking for a current list of aggressively priced bank foreclosures, fill out this form, or call our hot line at 612-532-5102
Buying a short sale property from the home owner or property owner can be a profitable purchase, but in some cases can be a long drawn out experience that can take up to one year or more to purchase the property, and unfortunately in some cases the short sale property never closes.
We can also assist you in navigating what short sale properties are worth pursuing, and which ones may not be worth your time and effort.
The real estate market since early 2013 has improved dramatically, but unfortunately there are still many homeowners that owe more on their homes than what their current home market value is. If you need to sell your home and have negative equity, or are behind on mortgage payments, you still have options. We can assist you in short selling your home, or connect you with our mortgage lenders to see if you qualify for a HAFA loan.