Get Distressed Property Deals With Exclusive Access
If you’re a first-time home buyer or an investor, we offer exclusive access to distressed properties. This is an outstanding opportunity available in this newsletter.
We can list these properties because lenders have had to put them up for sale after borrowers have defaulted on their mortgage agreements. Some distressed properties listed here are through the common vehicle called Power of Sale. However, there are other reasons, like properties seized by the government because the property tax hasn’t been paid and foreclosures.
What Is a Distressed Property and Why Buy One?
Distressed properties are ones that the lender has to sell because the owner has defaulted on a mortgage agreement. The most common reason this happens is that they’ve missed one or several mortgage payments. However, a borrower can also breach a covenant by damaging the property or using it for illegal purposes. These breaches can also include not insuring the home, among others.
These properties can be a good deal because lenders are under pressure to get rid of them quickly because they’re on the books due to a power of sale or foreclosure. Some of them need upgrades and repairs, which affect the pricing but also provide an opportunity for renovations and a profitable resale.
They can be in desirable neighbourhoods and offer an affordable way to buy real estate.
Who Should Consider Buying Distressed Properties?
Several different groups can benefit from buying one of these properties. First-time home buyers who might be priced out of certain areas can find one of these homes affordable. Buyers who understand how to do renovations themselves can also benefit.
The same can be said for real estate investors who are looking for listings that have good potential for resale and renovation. Skilled contractors in trades like construction and renovations can also benefit from looking at the homes we have listed here.
How to Find Distressed Properties
We are private lenders specializing in supplying the money through second private mortgages to stop a power of sale. That means that we have access to these types of listings well before they hit the MLS.
We have direct access to borrowers, and private lenders often have listed properties that are priced for fast sales and will move quickly. That’s another reason they are a good investment.
Risks and Rewards of Buying Distressed Properties
Investors and first-time buyers who invest in improvements on these homes can boost the equity and worth. However, it’s important to keep in mind they might have hidden issues like structural damage that need to be addressed with costly repairs.
Looking For Distressed Properties?
Regardless of why you’re interested in these offerings and who you are, you can sign up for immediate access to the listings before they go on the open market today. Sign up today for our newsletter to receive unique, customized alerts for these distressed properties that match the requirements and criteria you are looking for.
Don’t miss this excellent opportunity to get first-hand access to these options before they hit the open market.