3873 N.E. 163rd Street
N Miami Beach, FL 33160
Phone: 1.954.336.1016
Free: 1.877.368.2318
Looking to buy a property in Miami in the near future?
Want to save money in the process? We are Miami foreclosure experts and we can help you with our selection of foreclosures and REOs for sale.
What is a foreclosure and how can buying one benefit you?
A foreclosure occurs when a homeowner forfeits ownership in the property because they were no longer able to pay the mortgage and as a result the bank or lender has become the owner of the property. In this case, the previous homeowner’s rights to the property are completely terminated.
How might this help you? In many cases when a bank takes over ownership of a property due to foreclosure they will be willing to sell the property at a price that is far less than the market value of the property. Why is this, you might ask? First, it is because most lenders just are not set up to sell and manage real estate. They would rather sell the property for less money and not have to worry about it in the future.
We also excel at Miami short sales.
Short sales occur when a bank or lender agrees to sell a property at a discounted price in order to avoid a possible bankruptcy or foreclosure. This typically occurs when the homeowner is behind on the payments. There can be tremendous costs associated with a foreclosure and many banks would rather avoid the time and cost involved by going ahead and agreeing to a short sale. Everyone benefits in this process; including you, the buyer, because you are able to purchase the property at a discounted price.
Ready to purchase in the near future? Give us a call and let us help you to find our next home in Miami.
