It’s not fun being out in the rain without an umbrella! That is the same feeling you’ll have if you want to purchase a bank owned or foreclosed property but don’t have a good realtor on your side. Frankly speaking, if you don’t have a real estate broker who understands the foreclosure process, you will be frustrated and unsuccessful in this arena.
Goodwin Realty Group has a bank REO (Real Estate Owned) full time division, resources at hand and the expertise to help you through this process from start to finish without undue stress. In fact, we’re so keyed into this market, we have properties that haven’t yet hit the market, but we’ll be happy to share with you.
To help you get started in understanding foreclosures, a bank owned property is a home that has been recovered by the bank for non-payment of a debt. Generally that homeowner has tried to sell this home in an attempt to avoid the bank takeover so it is possible that there is a trail of information on this property already. As the homeowner struggles to manage debt, the owner oftentimes does not have the necessary money for routine maintenance needed to keep the home updated and in good repair. Your own lender might require specialized financing for a bank owned property.
If you are ready to explore the benefits of the foreclosure market, schedule your personal visit with one of our bank owned specialists today.
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