After a Foreclosure

 Once a property has been foreclosed and is owned by the lender, there’s no longer an issue about disclosing the property’s distressed status. Foreclosures, after all, are matters of public record. However, getting reliable information about a foreclosed property’s physical condition becomes even more challenging.

 When a property’s owner is no longer in possession, it’s extremely difficult for a sales associate to get the facts about property condition, in part because the lender may have little, if any, information about the property’s condition.

 Lenders are usually required to disclose what they know about REO properties but are generally exempt from requirements to complete property condition disclosure forms required for sellers in many states. However, agents must still make all disclosures of known defects required by their state’s law. Associates should encourage buyers to have a thorough inspection of any property prior to purchase.

TO SEE WHAT IS ON THE MARKET CURRENTLY, CLICK ON HERE!

THE LENDING INSTITUTIONS ARE CHANGING RULES, REQUIREMENTS, PROCEDURES AND QUALIFICATIONS DAILY. MY SERVICES ASSIST YOU IN WALKING THROUGH THIS MAZE WITH THE MOST EFFECTIVENESS. THERE ARE SELLER OWNED HOMES, REO "LENDER OWNED", CORPORATE RELOCATION AND SHORT SALES. JEANNETTE SPENCER HAS THE EXPERIENCE TO KNOW WHAT HOMES TO MAKE OFFERS ON. CAUTION, CAUTION: WITHOUT THIS EXPERTISE, YOUR MONEY CAN BE TIED UP FOR MONTHS WITH NO POSITIVE RESULT; COSTING YOU PRECIOUS TIME. TODAY'S REAL ESTATE MARKET IS CHALLENGING AND JEANNETTE SPENCER CAN GUIDE YOU THROUGH YOUR DIFFICULTY. WE ARE EXPERIENCING MULTIPLE OFFERS ON THE MOST DESIRABLE REO AND SHORT SALE HOMES TODAY,SO START CLICKING NOW TO START YOUR SEARCH: GULF BREEZE PENSACOLA BEACH NAVARRE PENSACOLA, EAST HILL PENSACOLA, NORTH HILL PENSACOLA, CORDOVA PARK (NORTH EAST) PENSACOLA, ALL COMMERCIAL PROPERTIES