Slide 3:
Here’s a brief breakdown of short sales: Pre-foreclosure properties are headed towards bank seizure because the owner has stopped making payments They’re often called “short sales” because the property value is less than the loan amount and the bank may consider taking a “short” payoff Negotiating with the Bank to take a “short” payoff can takes months If you’re committed to finding a great deal, and don’t mind waiting for it, a short sale can be great
Slide 4:
Here’s a brief breakdown of foreclosures: Foreclosures are simply properties that a bank owns Banks aren’t interested in property ownership and they want to sell all properties they’ve taken over Bank owned doesn’t always mean a great deal. Banks want to maximize profits, and agents like Jake & BJ can help you find the real deals Banks sell their properties as-is with usually very little disclosure about the condition of the property. It is important to have a good inspection performed to make sure you are comfortable with the property.
Slide 5:
When it comes to distressed properties we’ll make
sure you know what you’re getting into, with
both the price and the condition of the home.