Home » Archive

Articles tagged with: distressed property

South Florida Short Sales »

[27 Nov 2010 | One Comment | ]

Due to the issues surrounding the handling of foreclosures by some banks, many home buyers are keeping away from distressed properties. Do you blame them? Who wants to buy a property that could be the subject of future lawsuits?
According to a report from http://realestate.bryanellis.com , 14 percent of home buyers and 6 percent of real estate investors refused to even view REOs (foreclosed properties) during October.
When it comes to short sales, another category of distressed properties, it is naturally hard to find buyers as the process can be long and drawn …