A foreclosure property is one that a homeowner forfeits their rights to because they are no longer able to afford their mortgage payments, and must return their keys to the lender. A foreclosed property may be appealing to some buyers as they are often found priced much lower than other listings, since the home is sold in an “AS IS WHERE IS” condition. This can come with some risk and typically more work for the buyer.
Taking the necessary steps, and performing your due diligence with a foreclosure purchase is of the utmost importance - completing things such as a home inspection, checking with the city for development permits, and ensuring the home is going to be a safe and good investment for you are all things we highly recommend. We can help navigate a foreclosure purchase, get in touch today for more information!
To be in the know when it comes to foreclosures, you need a licensed real estate agent working for you on the inside. We’d love to help you keep track of the latest opportunities in your area.
If you want to view properties today, please don’t wait for an email reply. Contact our team directly. 587-806-HOME