Are you interested in getting more home for your dollar? Consider a Bank Owned home. Bank Owned homes usually require some work, such as paint or minor plumbing. These minor repairs can be a huge savings to you when compared with the market price of the home. A thorough home inspection will alert you of potential repairs and together we can decide how if a home is cost effective.

For a first-time home buyer and a handy-man, finding a great Bank Owned home can be a dream home. Please call me, I have experience weeding through these properties.

With recent sub-prime mortgages being pulled there is a larger inventory of Bank Owned homes to choose from. Buying a foreclosure home does create a small risk, but this is usually minimal.*

*Right of Redemption: The owner(s) who were foreclosed on have the right to buy back their home within one year of their foreclosure. In addition to buying back their home they must be able to pay off their original mortgage as well as your mortgage, back taxes and any liens against the property.

Financing a Bank Owned home is the same as any Real Estate purchase. I can recommend a mortgage consultant and once you are pre-approved we can begin our search. Bank Owned homes can be real gems. Hidden beneath a few layers or dust, or a leaky faucet is a beautiful home just waiting to be discovered.