Foreclosures, Short Sales or Pre-Foreclosures in Tarpon
Finding a foreclosure in Tarpon Springs is
easy, but knowing if it is a good deal and not a risk, is another story. We can
help you with all of this and it won't cost you anything to work with us.
We strongly recommend that you work with a qualified Realtor if considering a
purchase of a home in default. There are just too many conditions that need to
be checked out and once they are done correctly, you may be able to enjoy
We will do the necessary investigation to find out what is owed on the home, the
condition, and see if there are any barriers.
Foreclosure is the process by which a bank or other secured creditor
takes back ownership of a piece of real property due to owner's failure to pay
their mortgage. The foreclosure process begins soon after the property owner
stops making mortgage
payments. This can take a few months or more and during that time the property owner may
try to sell the home at a
reduced price hoping that the lender will accept a less amount (short sale) than what is
due on the mortgage.
Once the bank repossesses the property (bank
owned), it is offered for sale and they will
typically start the selling price at what is left on the loan balance.
Many times foreclosures and bank owned property are good deals but
certainly not always. It's our job to ensure we have all the pertinent
information before making an offer and that your best interests are protected.
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