When buying a foreclosure, be prepared for surprises, says Vancouver realtor Russ Macnab. Even without the crime element, homes that have sat dormant for months or even years have likely been exposed to the elements and thus have a substantial risk of some kind of damage: mold, impaired plumbing, wood rot, termites – things that require substantial outlay to fix, making that bargain price tag less of a bargain.
Buyers have the unique opportunity to pay below-market value for homes which wouldn’t be available to them under normal circumstances. Auction companies hold huge auctions, sometimes selling as many as 100 homes or more in a single day. Instead, typed in capital letters across the top of the page were the words CITATION — FORECLOSURE.” Riggs, a trim 39-year-old technician at a semiconductor equipment plant, felt like his chest was going to pop open.
Buyers can go to a specific area in the Lakewood Washington foreclosure home market and see all the current condos and homes for sale in that area, especially useful for those seeking Lakewood Washington foreclosure homes near the workplace or other important locale.
Buyers of the Property : Committed to provide on their computer a wide range of foreclosure properties to choose, make them aware of the procedures followed by financial institutions, enhance their knowledge on related acts, rules and latest news, furnish information about specified choice through mail, inspect the properties and participating in auctions on their behalf and assist them in getting their grievances, if any settled through appropriate channels.
Furthermore, over the years I have seen homes in the pre-foreclosure process that never get foreclosed on. Many times the mortgage gets paid up to date, or at least within the two most recent payments due, and the property emerges from the foreclosure process.