REMAX HOMES FORECLOSURES
REMAX HOMES FORECLOSURES many of the homes for sale today – as many as half in some markets – fall under the category of “distressed properties.” These are homes that have either gone through foreclosure or are being marketed as “short sales.” In a short sale, the homeowner can’t afford to maintain the mortgage, but the lender – rather than foreclosing – agrees to the sale of the property for less than the balance of the loan. These types of sales have different dynamics than traditional sales – with more paperwork, often a longer transaction process and, in some cases, more frustration. For these reasons, many buyers shy away from REMAX HOMES FORECLOSURES.
- However, if you understand the potential pitfalls of purchasing a REMAX HOMES FORECLOSURES distressed property – and work with an agent who has a thorough knowledge of this market – you can get a great home at a great price.
- You should have your financing in order before pursuing a foreclosure purchase. Pre-approved buyers have the best chance of getting the property in case of multiple offers. Also, banks generally aren’t interested in contingencies (for instance, needing to sell your current home before purchasing another).
- If you’re looking for a “steal,” you’re probably not going to find it. The market is heating up, with more and more buyers jumping into the market. If you’re purchasing a home to live in, you’ll often be competing not only against buyers similar to yourself, but against investors. More competition inevitably leads to higher prices.
- The transaction process for short sales or foreclosures often takes longer than for traditional transactions. It’s sometimes not clear which lending institution actually owns a mortgage loan, and it can take time to get it all sorted out – especially if there’s a second mortgage involved, which is often the case.
- Some REMAX HOMES FORECLOSURES properties are also in rough condition. Many have sat idle for a long time with minimal or no maintenance. The departing owners may have sold off fixtures, or damaged the property.
REMAX HOMES FORECLOSURES
Showing properties
1 - 10 of 500+.
See more Las Vegas Foreclosures.
(all data current as of
2/22/2012)
-
$322,500 : 2925 Sterling Cove Dr, Las Vegas3 beds, 2 full, 1 part baths
-
$328,900 : 101 Pyramid Ln, Boulder City4 beds, 3 full, 1 part baths
-
$239,000 : 10034 Haberfield Ct, Las Vegas3 beds, 3 full, 1 part baths
-
$264,000 : 2777 Struan Av, Henderson3 beds, 3 full baths
-
$223,900 : 1856 Hollywell St, Las Vegas3 beds, 2 full, 1 part baths
-
$199,900 : 10433 Bay Ginger Ln, Las Vegas3 beds, 2 full, 1 part baths
-
$201,650 : 1209 Highbury Grove St, Henderson4 beds, 2 full, 1 part baths
-
$161,900 : 800 Royal Plum Ln, Las Vegas4 beds, 2 full, 1 part baths
-
$169,900 : 2109 Hillside Valley, Henderson2 beds, 1 full, 1 part baths
-
$171,888 : 8967 Haviland Rd, Las Vegas5 beds, 2 full, 1 part baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Related articles
