As more and more foreclosed properties are being inherited by banks, they are now making huge investments to transform these properties into more appealing and sellable products. These foreclosed properties usually have problems ranging from molds, water damage to broken windows and lost plumbing fittings. Before, banks tend to be more cautious in shelling out [...]
Many buyers are calling me or when they visit, are asking pretty much the same question. Has the Daytona Beach real estate / condo market stabilized? My response has been a resounding yes. We are getting into bidding wars on foreclosure properties. The banks are counter offering on short sale offers at BPO price. [...]
The typical procedure for getting a mortgage has completely changed today from what it used to be. This change has been brought on because of the climate of the times as well as the high volume of fraud in the mortgage industry. 75% of our market is foreclosures or short sales and the % of [...]
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