Pre foreclosures are known as properties that have reached the final stages before they get repossessed or taken back by the bank. The owner is still in complete control of the property or home, although the bank or lender will repossess the home if the owner doesn’t attempt to rectify the situation.
The best thing about pre foreclosures is the prices that are associated with them. In most cases, the owner has no choice but to sell the house, and therefore will consider all reasonable offers received. This is an ideal time to purchase, especially if you are looking to save a lot of money.
Along with the great prices you can get with pre foreclosures, you’ll also have the luxury of dealing directly with the owner - no third parties involved.
When you compare foreclosed properties with pre foreclosed properties, you’ll find that there is less competition involved with pre foreclosures. Pre foreclosed homes are a great purchase, as they will normally come at a very affordable price.
Janus Real Estate Group * Heather Anderson * 972-765-3773
