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You are here: Home / Uncategorized / Bargain Hunting at the Courthouse Steps!

Bargain Hunting at the Courthouse Steps!

February 2, 2014 by Are Andresen

flip homes in Northern VirginiaI regularly get emails from prospects and clients about great foreclosure deals they would like me to help them with (you can easily find listings like that on sites like Zillow and RealtyTrac.) Often, the list prices quoted are fantastic and at a significant discount from comparable homes. After all, if a home is listed as a foreclosure to be sold at auction asking for  $200,000 and the market price for a comparable home is $400,000, who wouldn’t want the cheaper one?

More often than not those great foreclosure deals are actual preforclosures. A preforeclosure is a home where the bank has initiated foreclosure proceedings. The actual foreclosure will happen if the owner is unable or unwilling to pay what is owed the bank. If a home goes through all the way to foreclosure (they often do not for various reasons) it will be auctioned off at the county courthouse steps.

In many cases the preforeclosure is taken back or purchased by the primary lender and then put back on the market with a Realtor at a later point. The banks will typically (…)

See more at: http://soldsense.com/2014/01/24/buy-a-bargain-home-at-the-courthouse-steps/#sthash.t9tGKegp.dpuf

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Tysons Corner Condominiums

Encore of McLean, Fountains at McLean, Gates of McLean, Gates of West Falls, Halstead At The Metro, Idylwood Towers, Lillian Court at Tysons, McLean Chase, McLean Hills, Morgan At McLean, New Providence Village, One Park Crest, Regency at McLean, Renaissance 2230, Rotonda, The Colonies, The Pavilion, The Village, The Westerlies, Westbriar, Westwood Village, Wilton House

Tysons Corner Townhomes

Amberwood, Battery Park, Brentwood Courts, Chestnut Place Towns, Dunn Loring Village, Hallcrest Heights, Marshall Heights, Metro Place at Dunn Loring, Providence Park, Reserve At Tysons Corner, Tysons Village

Tysons Corner Single Family Homes

Arden Oaks, Blitz Property, Centerside, Dunn Loring Woods, Falls Hill, Pimmit Hills, Stonewall Manor, Tysons Green, Vienna Woods

Soldsense Realty LLC
Vienna, VA 22182
Licensed in Virginia

Broker: Are Andresen
Phone: 703 560-3424
Website: http://soldsense.com

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