|
|
|
You can request this free service by simply filling out the information on the form below including the specific price range and area you would like the "Foreclosure and Pre-Foreclosure Properties Report" . When you have completed the form just click the "OK" button at the bottom of this page. Foreclosure and Pre-Foreclosure PropertiesWe have all the Foreclosures for sale in Puerto Rioc as soon as they come available by the banks. Usually the selling price is 10% to 30% below market price.It's not easy for the average homeowner to find these deals, because you have to keep scouring the paper or going to the court house to see when one comes up.
Distress Sales resulting from Foreclosure and Pre-Foreclosure Properties often represent a great way to get a fantastic deal on a home If you're the type of person who recognizes what a great deal some of these properties could represent, you will be contacting us very fast.We also have a free service which automatically searches out and downloads a current list of all Foreclosures now owned by the banks day in and day out. When you receive this free, no obligation service, you're automatically plugged in to the most current list of Foreclosure and Pre-Foreclosure Properties on the market, in the price range and area that interests you. This FREE service every day will save you a lot of research and running around.Here's how it works. Every week, or as soon as they come out you will receive a FREE computerized report listing the current Foreclosure and Pre-Foreclosure Properties in your desired price range and location. There is no cost for this information, and absolutely no obligation. This insider information, sent to you in an incredibly simple and efficient format, will give you a huge advantage over other buyers in the marketplace. - Bank Owned
- The bank has aquired title (ownership) to the property. The bank is the seller.
- REO or “Real Estate Owned”
- Can be read simply as “bank owned”
- Corporate Owned
- Many times this is just another way to say “bank owned”
- Foreclosure
- This is the process by which a lien holder aquires the property through court procedures. Each state operates a little differently, but this process can typically take several months once started and typically does not start until the owner is 60-90 days behind.
- Pre-Foreclosure
- This is commonly referred to as the time during the foreclosure process but before the sheriff’s sale. In this time period you are still negotiating with the seller but the bank may have to be consulted in cases where a short sale is needed.
- Short Sale
- When a seller is in a distressed situation and the offer that is submitted does not cover the expenses to sell the home and pay off the lender, the seller may ask the bank to take a “short payoff” on the loan, meaning to accept less than what was owed. Banks will sometimes do this because they do not want to own homes, they want to make loans. Each circumstance is different and the bank is not required to accept any short payoff.
|
|
|