Dunedin Foreclosures Homes or Condos, Short Sales or Pre-Foreclosures
Finding a good deal on foreclosures can be
a little tricky but Dunedin is a great place to look for one. But, how do you
know if it's a great deal or not? Ask us. There are certain
conditions that allow a home in default or foreclosure to be attractive to
you as a buyer and the only way to know for sure is to enlist our help.
We will do the necessary investigation to find out what is owed on the home, the
condition, and see if there are any barriers.
Foreclosure is the process by which a bank or other secured creditor
takes back ownership of a piece of real property due to owner's failure to pay
their mortgage. The foreclosure process begins soon after the property owner
stops making mortgage
payments. This can take a few months or more and during that time the property owner may
try to sell the home at a
reduced price hoping that the lender will accept a less amount (short sale) than what is
due on the mortgage.
Once the bank repossesses the property (bank
owned), it is offered for sale and they will
typically start the selling price at what is left on the loan balance.
Many times foreclosures and bank owned property are good deals but
certainly not always. It's our job to ensure we have all the pertinent
information before making an offer and that your best interests are protected.
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