To Buy Foreclosed or NOT Forclosed
By Carlo Gobba, "A HouseSold Name!"
There seem to be alot of foreclosure opprtunities for purchase out there especially in the Royal Oak and Troy Michigan areas of Oakland County. What are the top 3 to 4 things you look for in a foreclosure purchase opportunity? Do you want to be in Troy or near Somerset mall? Various bank owned foreclosure opportunities have recently popped up in Troy. These homes boast a strong central location, solid bones, minimal turn over and a solid neighborhoods. There are also various homes that are "Pre-foreclosures" that may be in even better condition than after the acquisition by the bank. You may only pay a few percentage points more than that of a foreclosure. These homes normally represent less work initially to make them livable. Forclosures have sold on average of 50-60% of what they wer...