Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. In short, foreclosure is what happens when a homeowner fails to pay the mortgage. How would a home go into Foreclosure?
The stages of a foreclosed home:
The primary reason to consider purchasing a foreclosure home is the potential for a great deal.It can be an exciting and sometimes overwhelming process. One thing to remember, negotiating the price of a foreclosed home may take a little longer than a”normal” transaction because it may require multiple levels of approval.
Steps to buying a foreclosed home:
Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions. During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. Need help buying a foreclosed home? Please call 239 694 3300 or use the fore below: Please fill out the form The post What is a foreclosed home? appeared first on Steelbridge Realty LLC . from Steelbridge Realty LLC http://northfortmyersonline.com/2017/08/21/what-is-a-foreclosed-home/ from https://rxnctus.tumblr.com/post/164466201341
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