Western Massachusetts Area Foreclosure Homes For Sale

foreclosure homesThe title may be a bad joke, but there is no joke about the amount of Foreclosed Homes on the market and a Tsunami of more to come looming on the horizon. There are many factors to consider when buying a foreclosed home compared to a traditional home purchase. If the house requires extensive renovation it can cost considerably more than investing in a foreclosure home that has a higher price tag, but requires few repairs.

Get a comparative market analysis (CMA) from your Realtor or Broker before making the offer. Even if the sellers agree to your offer, their bank or lender might reject it if it’s too low. You could buy a home in pre-foreclosure, at a foreclosure auction, or from the mortgage lender.

In this case, they may try to obtain payment of the debt by a sheriff sale of the house, thus pushing it into foreclosure. …