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Who Should You Buy From? (Distressed Owners Motivated to Sell Quickly…
Who Should You Buy From?
Financially Distressed Owners
Home Underwater
Short Sale
Homeowner Having Trouble
Making Mortgage Payment
Foreclosure
Process
Non-Judicial Foreclosure
Notice of Default
Notice of Trustee Sale
Auction/Trustee Sale
Sold to Buyer
Sold to Bank
REO- Real Estate Owned
Judicial Foreclosure
Judgment
Tax Sale/Auction
0-36% Interest
Taxes Paid with Interest- Very often bought with 0%
Property Foreclosed and ownership taken -
Long turn around
Distressed Owners
Motivated to Sell Quickly
Divorce of Owners
Court/Lawyers
Death of the Owner
Probate Court
Job Change- Need to Relocate
Tired Overworked Landlord
Real state Agents / Investor or Landlord Meetings
Poor Property Condition
Low Demand Low Price
Major Lenders Require
Move-in Ready Condition
Retail Properties
Sellers Are Not Distressed
Large Number of Buyers
Listed on MLS gives No Competitive Advantage