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Buying Distressed Properties
Many homes on the market
today – up to 50% in some
markets – are categorized as
"distressed properties."
These are homes that are
being marketed as "short
sales" or have gone through
the foreclosure process. In
a short sale, the homeowner
owes
to the bank more than the
home is worth and they can
no longer 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.
The sale of distressed
properties often have a
different dynamic than
traditional sales –
sometimes requiring more
paperwork and having a
longer transaction process.
For these reasons, many
buyers do not consider
purchasing a short sale or
foreclosure property.
However, if you understand
these dynamics up front and
work with a certified United
agent who has an
understanding of this
market, you can get a great
home at a great price!
Many United agents have been
specially trained in working
with short sales or
foreclosures. They can help
you navigate through the
process in order to locate
and purchase exactly the
right home for you.
Please provide your
information below and we
will have a certified United
agent contact you right away
to help with your purchase
of a distressed property!
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