Foreclosure

June 1, 2018

Viewing Foreclosures - What to Expect!

Many people look at foreclosures as a great deal. Why pay more when you can pay less, right? Shoppers need to prepare themselves for the ups and downs that come with purchasing a potential “great deal”.

Foreclosures come in many different shapes and sizes. Some foreclosures are in relatively perfect ...

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Posted in Foreclosure
March 9, 2018

What is HomePath Financing?

The HomePath Mortgage is a program that was created by Fannie Mae due to the large number of homes that were obtained by Fannie Mae through foreclosures. HomePath financing is only available on foreclosure homes being sold through Fannie Mae and HomePath. There are three main components loans have sweetening the financing offer to entice ...

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Posted in Foreclosure
Jan. 10, 2018

Foreclosure Pricing - What to Expect!

In most cases you can expect that the initial asking price on a foreclosure to be slightly below its market value. Prior to listing a property, the bank or asset management company will request the listing agent complete a Broker Price Opinion. This opinion becomes the basis for the property’s ...

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Posted in Foreclosure