Posts Tagged ‘mn’

What is the difference between a Foreclosure and a Short Sale

The biggest difference is time.  With a Foreclosure you will hear back on your offer within a week.  With a Short Sale you are looking at a waiting period of upto 3 months.  Fha, Dva and Hafa short sales are preapproved short sales in which you will hear back in about a week or so.  [...]

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3 benefits to buying a foreclosure

1.  You can usually get a pretty good deal on a foreclosed home vs a traditional sale. 2. Response time from banks is usually 48 hours vs 3 months with a short sale. 3.  Certain cities have down payment and fix up money for buyers purchasing a foreclosed home.

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Is now the time to buy investment property?

Now is a GREAT time to buy investment property.  Low rates and Low home prices= great time to buy real estate.  With all the short sales and foreclosures on the market your bound to get a spectacular deal.

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