A licensed professional on the Metro Sales Team is your best asset when looking to purchase a Foreclosed or Pre-foreclosed home. The process is often difficult and unpredictable and can take much longer than a transaction that does not involve a third party. Some items to keep in mind when looking at a foreclosed home:
1. The bank has a bottom line and is not as easy to negotiate with as a seller
2. There are no guarantees as to the condition of the property or the extent of repairs needed. The bank makes not warranties regarding the condition
3. The bank may not be willing to do any repairs
4. The process can take up to 30-90 days. In some cases even longer.
Contact a Metro Sales Team agent with any other questions