Home Foreclosures In 2008
In foreclosure investing, finding the right Fannie Mae property is only half the task. Once foreclosed, if the homeowner is unable to pay within the court-ordered timeframe, the mortgage holder becomes the owner and the property can be sold immediately. It’s not wise to assume that all bank-owned properties are listed below market value. The banks sell their foreclosed properties because they want to get back the money that they lost.
delivers the best real estate deals first, well before they hit the mass market. Many foreclosed homes are listed for sale the same way as traditional homes. When dealing with foreclosures, and real estate in general actually, it also important to do as much due diligence as possible on the property you are interested in buying.
The City of Milwaukee will offer special consideration to interested homebuyers who live within 500 ft (or their assignee) of a City owned …