imgres

Encinitas gets a lot of sun, but when it comes to buying an Encinitas foreclosures there may be some things that people don’t understand. First off, we all know exactly what a foreclosure is right? It’s when a homeowner failed to make good on their loan from the bank that holds the title to their home and the bank had to step in and take the house back. It’s a sad story, but sadly it’s an all too common one these days. Now, that’s what most people know about foreclosures, but there are a few other things you should be aware of before you even start looking into buying one of these homes.

Often times foreclosures, or REO’s in Encinitas, need a little extra work before you move in. You’ll find that before the banks took over the property that some wear and tear occurred. This could have happened naturally or it could have happened on purpose. It’s sad, but sometimes when home owners discovered there was no turning back and the bank was taking over their home, that people trashed the home in anger. Make sure when you make an offer on these kinds of homes that you’re leaving plenty of renovation cash in your budget.

imgres-1

Be prepared for a lengthier negotiating process than usual when dealing with Encinitas foreclosures. Let’s face it, banks and large corporations are never easy to deal with. Especially corporations who’ve been burned on deals. Now, I’m not saying the banks aren’t at fault. In fact, depending on how you look at it, the rash of foreclosures all over the country are almost certainly their fault. Their poor lending practices are what caused this mess to begin with. That said, they took a bath on the property as much as the home owner did, so naturally it’s a more difficult negotiation.

Finally you should know that none of these issues are relevant anymore. Especially the negotiating process. Not with OpenOffer.com anyway. See joining OpenOffer.com not only gives you all of the tools the insiders have it takes the nagging and annoying negotiating process completely off your hands. So now you don’t have to deal with the bank at all. Let OpenOffer do all of the hard work for you.

When it comes to Encinitas foreclosures and OpenOffer.com it’s time to buy.

Tags: , , , ,

This is filed under Foreclosures.


     Twitter It!