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Monday, December 21, 2009

Every foreclosure tells a story...

Every foreclosure tells a story. My friend, Debe Maxwell, Realtor in Charlotte NC wrote an article about potential pitfalls in purchasing a foreclosure property.

She outlined some of the misconceptions about the true condition of foreclosure properties.

In my opinion a foreclosed property is usually, if not always, in worse condition than a short sale in the same area.

Neglect or disrepair ,either as a result of a lack of caring or a lack of funds, result in many bank owned properties requiring expenditure to address issues.

I believe that too often the lenders who “gave” adjustable rate mortgages with the potential to raise payments through the roof (pun intended) is the root cause of the lack of money.

Regardless, I am still convinced banks don't really care about the consumer.

The truth is that every foreclosure or short sale property has a real personal story behind it!

If you are in a situation where you are considering selling your Brevard County property and a short sale may be indicated, drop me an email at

If I am not an expert in your neighborhood I can refer you to one who is a neighborhood expert!

Again, every short sale or foreclosure has a person and a personal story behind it and my associates realize this very well!

©Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida. Read my blog Observations from a Viera Florida Realtor!

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