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In the past, bank owned homes and foreclosures were
sometimes avoided by buyers and their agents for reasons
like being less likely to do repairs on their properties, and
taking longer to respond to offers. Now, foreclosed bank
owned homes are some of the best deals out there. With
foreclosure levels so high and prices still falling, banks are
more ready than ever to make a deal.
Here are a few good reasons why foreclosures are a good
deal right now:
- The banks want to sell these
Properties
The inventory of foreclosed homes is currently high in
Portland. Banks don't want to hold on to these properties
forever. It is in the banks best interest to sell these
foreclosed homes as soon as possible.
- The banks are able to sell their
foreclosures
Many people in Portland these days owe too much on their
homes to sell, Or want to wait for their home prices to
increase. Banks are in a position to sell their foreclosed
homes. They will sell at the highest price they can get, but
will bargain if it is necessary to make the sale.
Get a list of foreclosure properties in the
area you want!
| Chris Love Principal Broker/Realtor John L Scott Real Estate 4111 SE Woodstock Blvd Portland, Oregon 503-775-4699 503-788-7103 503-957-6087 www.johnlscott.com/christopherjl www.portlandsellers.com |