Although not as prevalent as some parts of the world today, there are some homes, apartment complexes, and businesses which are in the process of foreclosure.
The pricing, financing, terms, etc. will differ significantly depending on the property as well as the initial lending institution which has the property up for sale.
Prices requested by these financial institutions are basically the appraised values and there is room for discussion and negotiation relating to the majority of these properties. Therefore, in most cases, these listings are not displayed on our website.
Rather, we work with the banks depending on what are the identified needs of our clients and the property that they have available.
Although this process can generally be a bit more involved than a simple sales transaction, in some cases excellent properties can be obtained for reasonable prices depending on the flexibility of the buyer.