There's a lot of hype out there. Homes being auctioned aren’t the same as they once were. Because of dramatically higher competition, we are now seeing quite a few fetching market prices.
The problem is exacerbated after factoring in structural issues that often come with property bought this way. Distressed new construction is a better way to go that’s not even considering the cost of cosmetic and mechanical repair issues.
That's not the only issue to think about. Regardless of what you've heard, manufacturing profit spreads from short sale opportunities are not new. And the foreclosing entities aren’t easy marks. For more information about home foreclosure, you can also visit https://www.marybuyhouses.com/avoiding-foreclosure/.
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Here's the deal.
Foreclosures sell at auction all the time for more money than the bank is entitled to. Do you know who gets the surplus funds?
– If you're thinking the bank keeps it, you're wrong. The bank can't legally hold onto it.
– The cash goes to either the local sheriff's department or to the clerk of the county clerk.
– The person entitled to the money can be a second mortgage company, judgment or lien holder or even the person foreclosed upon. However, the real money is in mortgage surplus funds.
Reputable real estate companies are ready to buy your house today. Just fill out the online application form. There is no obligation in this case. You can also call the toll free number and company details.
So, now you don't need to think about how to quickly sell your house, because these companies provide solutions that will blow the mind to buy and sell the property at any moment.