Banks Selling Foreclosure Properties Rethink Take-it or Leave-it Policy
Foreclosure Investment Property
Many buyers of foreclosure properties – first time home buyers, real estate investors, experienced landlords or real estate professionals are going to find that banks are rethinking their take-it or leave-it policies. Some of them are willing to fix properties and others are more willing to negotiate price as their inventory goes up.
FHA is major provider of mortgages on foreclosed properties and banks are trying to meet FHA’s requirements. Freddie Mac is offering two-year warranty on 30,000 foreclosed homes owned by it. So banks are becoming more willing to negotiate.
Use this information to your advantage in negotiating with banks. Read more
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