Bank Foreclosure Listings
Foreclosure has become increasingly common in the US since the real estate market
took a nosedive in response to the sub-prime mortgage crisis. These homes present
a special opportunity for home buyers. Foreclosures offer buyers the opportunity
to purchase homes for well under market value.
These homes are sold in “as is” condition, so be aware of the inherent risks. Hire
an inspector to check for major damage that may be present. Also be sure to check
the public records before making an offer to purchase a foreclosed home.
Hire a real estate agent who is familiar with foreclosed properties to help protect
your interests. Your agent can help you find foreclosure homes, and shepherd you
through the buying and negotiation process. Be sure to do your research before purchasing
a foreclosure property.