How many Bank Owned homes are there in NH?
By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
One of the leading questions is how has Covid 19 affected the amount of Bank Owned Homes here in NH. Before the pandemic, the foreclosure rate was slow. The media is boasting a sharp increase on it's way, however most banks will work with you if you are behind and have an ability to pay. They will assist with what you were behind. Most foreclosures we have been seeing are homes where the owner has abandoned it. Both single family and multi family homes. The largest trend is owner occupied buyers ar enow bidding on bank owned homes with a shortage of owner occupied homes available for sale. The majority of buyers are cash investors. Either way, there is a right way and a wrong way to purchase a bank owned home. Not all agents are familiar or expereinced with bank owne dhomes. Making a m...
Comments
2