Purchasing a bank owned/foreclosed property (also known as REO - Real Estate Owned) can be an excellent way to get a great deal in today's housing environment. Often times you can purchase a property for less than 1/2 of what it originally sold for just a couple of years ago. Still, there are special things to watch out for when buying a "repo" instead of going the traditional route of purchasing a property directly from the homeowner. Often times there is deferred maintenance or repairs that will need to be done. Also, government backed financing such as FHA or VA may or may not be available depending upon the condition of the property. I have extensive experience in representing buyers in the purchasing of these types of properties and will be happy to help you navigate through this maze and get the best price possible. When it comes to repos I will only represent you, the buyer, and ensure that your interests are fully protected. Give me a call to find out how it all works.
Click on the link below to see all of the repos currently listed for sale in Kootenai and Shoshone Counties. I can also set it up so that you will get automatic emails whenever a repo comes on the market that meets the criteria you are interested in.