In my area, there seems to be an overabundance of foreclosures & supply of homes for sale & demand is way down. In addition, banks don't seem very open to dealing with investors offering decent purchase prices. Is it still possible to try to purchase preforeclosures as low 40% of market value &/or mortgage balance?
Short sales
In my area, there seems to be an overabundance of foreclosures & supply of homes for sale & demand is way down. In addition, banks don't seem very open to dealing with investors offering decent purchase prices. Is it still possible to try to purchase preforeclosures as low 40% of market value &/or mortgage balance?