Foreclosed Property

One of our buyers is interested in a foreclosure and has made an offer. Just after we finished up with a SHORT SALE, and I swore not to take another, we are now getting involved with another interesting situation. The big difference here is that the bank is much more realistic and DECISIVE in a foreclosure. (Fingers crossed here) The big difference between a foreclosure and a short sale is that the bank is the owner of the property in a foreclosure whereas the short sale owner is the property owner. More news on this interesting topic later.

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