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Foreclosure condos in Cleveland, OH 44119

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1,450 m² Condo foreclosure, Cleveland, OH 44119


November 17th, 2012 07:11 am
1,450 m²
Rooms: 2
This is a Real Estate owned (REO) property. The lender possesses the property either at an auction or through an agreement with the owner during pre-foreclosure. The property is maintained by the bank or by representative agents acting as safe-keepers / sellers on their behalf. This property can fetch you the best deal when compared to the AS IS condition of any foreclosure property. While the costs might be a bit higher than foreclosures, REO properties still would fetch you good savings on a house purchase deal
2,212 m² Condo foreclosure, Cleveland, OH 44119


November 17th, 2012 07:31 am
2,212 m²
Rooms: 3
This is a Pre-Foreclosure property (Lis Penden). This initial document is filed by a trustee to initiate the foreclosure process following the homeowner missing payment dues. Buying a property in pre-foreclosure involves contacting the homeowner and offering a bargain price to buy the property, The homeowner may be willing to sell this home at an attractive price, usually 20% - 50% below market value, in order to avoid foreclosure and ruining his or her credit history
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