Is Auction.Com A Good Site To Buy Foreclosed Homes
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- RealtyTrac, an online marketplace for foreclosed homes, reported for the same month that the median price of a bank-owned property was 37% less than that of a non-distressed home. Regardless of whose figures you believe, the purchase price of a foreclosed home is typically below market value.
- Oct 05, 2020 · Source: (bongkarn thanyakij / Pexels) How much do foreclosed homes sell for at auction? Appraised value. One important factor in how much a house will go for at a foreclosure auction is its appraised value — the professional estimate of its worth in the current market.. The lender that’s trying to collect on the defaulted mortgage will order an appraisal on the home to determine its worth.Author: Mary Beth Eastman
- Aug 18, 2020 · Most people love a bargain - and in the real estate world, great deals can sometimes be found in the form of a foreclosed home. Proponents of buying foreclosed homes love the …
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