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Distressed Properties

Distressed Properties Information Center

 If you have any questions or would like more information about anything please Contact Us. If you are planning on selling or buying a home visit our Buyers Page or Sellers Page. If you would like more information about the surrounding area visit our Contact Us page.

This section was created to help you find information on buying and selling Distressed Properties. 

Foreclosure is a process in which a lender attempts to recover the amount owed on an outstanding property loan once there is a default of payments.

G ood foreclosure deals are available, however buyers need to be cautious. Tax or mechanic’s liens placed on a property can drive up the purchase price.

A short sale occurs when the homeowner finds a wiling buyer and then negotiates with the lender to accept less than the full balance of the loan at closing (typically to avoid foreclosure).

Once the buyer closes on the property, the property is considered 'sold short' of the total value of the loan.

The procedure requires stamina but it can yield favorable results for all. Organization and full disclosure will also help you manage through the process.

This information is meant as a guide. Although deemed reliable, information may not be accurate for your specific market or property type.

Please Contact Us and we will get you in touch with an agent for more information.