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Mike Gazzola--Don't Give Up On Foreclosures #59

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Manage episode 155927763 series 1171096
Content provided by Morning Money Show. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Morning Money Show or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Yes the foreclosure inventory is decreasing. Some places in Florida and elsewhere are seeing their inventories are getting back to normal levels. However, buying REO's (Real Estate Owned) won't necessarily save you money and could cost you dearly. However, there are good values available. One trend that is definitely happening is that a higher percentage of homes that wind up in foreclosure are being sold to investors at auction. Previously, banks were taking back a high percentage of those properties and then selling them as REO's. We're not quite sure what to make of this trend yet, but it could be very favorable.

  continue reading

47 episodes

Artwork
iconShare
 
Manage episode 155927763 series 1171096
Content provided by Morning Money Show. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Morning Money Show or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Yes the foreclosure inventory is decreasing. Some places in Florida and elsewhere are seeing their inventories are getting back to normal levels. However, buying REO's (Real Estate Owned) won't necessarily save you money and could cost you dearly. However, there are good values available. One trend that is definitely happening is that a higher percentage of homes that wind up in foreclosure are being sold to investors at auction. Previously, banks were taking back a high percentage of those properties and then selling them as REO's. We're not quite sure what to make of this trend yet, but it could be very favorable.

  continue reading

47 episodes

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