Thanks for visiting our site! Sometimes, a borrower may intentionally stop paying the mortgage because the property might be underwater (in other words, the amount of the mortgage exceeds the value of the home) or because he’s tired of managing the property. Yes, you may get the house with no cash down but the money needed for the repairs may be unrealistic.
If the house was not bought in as-is condition, then the new homeowners would have to sue the mortgage company that the property was purchased from. The balance of mortgage foreclosure bids are due the third Monday of …
There is an endless list of foreclosed homes out for sale in the market today. While an REO bank may only require a 10{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} down, the mortgage lender may require up to 25-30{7c352f4fa08585812fe49d64b966ab1fc9eda250e0643651a7855d798aa89d13} down, depending on whether the property is commercial or residential. My real estate agent , who makes commission based on my purchase, wanted me to offer an amount very close to the asking price so that he had a definite sale.
Cutler Commercial and its team of professionals specialize in providing Sales, Leasing and Property Management for commercial, industrial, office, retail, land, and multi-family in the Phoenix Metropolitan area. If you are planning to put up your own business center in this city, well there are lots of office spaces in Miami commercial real estate that you can choose from. Owners are looking for agents and brokers who know the marketplace and have readily available records information about companies and investors that are looking to make immediate decisions on properties they require, own, or occupy.
