Tagged : foreclosure
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Monday, March 11th, 2013 at 2:30pm. 992 Views, 0 Comments.
Foreclosure, typically a word that makes real estate investors salivate. But wait a second, are they always a smokin’ hot deal like most assume? Yes and no, so let’s look into a couple scenarios. I have represented buyers in both bank owned sales and also Court of Queen’s Bench sales, is there a difference? Definitely.
In regards to bank owned sales you can sometimes have conditions, allowing you the buyer, time to check out things you would naturally do in regular transaction [approval of financing, home inspection, document review, etc]. You’re also allowed to propose an ideal possession/move-in date, which undoubtedly helps with timing, plans to move, current leases, etc. There usually is a schedule or two which needs to be initialed and…