So You Want to Buy a Foreclosure

I hear from buyers frequently that are interested in buying a foreclosed home / bank owned property. Sadly, in the under $750,000 market, the competition is brutal. Many times those with 20% down or more will trump those entry level buyers with FHA or VA financing. Even with a strong, high down payment offer, the process is very challenging, listing agents are inaccessible, and offers go into an email black hole.

If you are frustrated, you are not alone. Buyers and agents alike are very discouraged. This video animation done by SanDiegoCastles, is a tremendous illustration of the consumer frustration that abounds. If you ever need help in San Diego, Kris Berg is your gal. Love her!

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About the Author | Linsey Planeta

More posts by Linsey Planeta

Selling real estate since 2001. Active in the South Orange County real estate market. Broker Principle of M Realty.

Comments

4 Responses to “So You Want to Buy a Foreclosure”

Troy on October 9th, 2009 9:30 pm

Did any one else find this troubling?…. sadly this does seem to depict what many homebuyers are feel like they are being faced with today.
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find hotel on October 18th, 2009 2:12 am

Thank you very much. Nice animation. Good share and I like this video.