Proof of funds or
financing will be required before you can make an offer.
Don't put the cart before the horse. Know how much real estate you
can really afford
Asking Prices versus Selling Prices
may vary considerable on Foreclosures, Short Sales and Bank Owned -
Condos Villas and Townhomes.
Lenders and Banks are selling foreclosure condos townhomes and
villas on average of 30 to 50% percent of market value. The MLS
prices reflect the discounts. However, we have negotiated sales
prices lower than the asking price.
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U.S. foreclosure filings and bank
repossessions continue to increase. Deteriorating property values
and higher rates on adjustable mortgages forced more people to give
up their real estate property. About $3.5 trillion in homeowner
equity has been wiped out since the spring of 2006, when housing
prices were at their peak.