Distressed Home Sales

Distressed Home Sales
Distressed Home Sales

Distressed Home Sales

See below for the current listings of Homes for Sale that are being sold either as a Short Sale, Foreclosure or Auction in Howard County or use the above Tab “Interactive Map  Search” to do your own search.

Considering the purchase of a distressed home can be a worthwhile consideration for some buyers and investors.  These types of properties are for sale due to impending foreclosure or repossession.  There are many different kinds of distressed properties and sales, such as:

— Foreclosure and Real Estate Owned (REO) (owned by the bank)

— Short Sale (the home is being sold by the owner at a prices less than they owe to the bank)….these sales can take some time get Bank approval

 — Auctions

All distressed homes have something in common — a low price.  A distressed property can be an appealing option for a home buyer or as an investment property.  These properties are often sold for 30-65% less than what the property is actually worth.

There are pros and cons with distressed home sales; yet for many buyers, it can be an attractive and worthwhile option.  Here are 10 tips for buying distressed properties.

One might be surprised at the options available in distressed home sales.  And for many buyers, it is an area worth considering.

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