Short Sales & Foreclosures

When you are shopping for a great deal on a property there is a good chance it will be a foreclosure home, pre-foreclosure, or short sale.  It’s true that the Northwest hasn’t experienced market conditions as bad as, say, California or Florida.  There are some distressed homeowners that are in need of selling their home or it goes to back to the bank as a foreclosed home (REO).

If  you are planning to purchase one of these homes you should find an agent that is a Certified Distressed Property Expert®(CDPE).  Not all agents have the training and experience to explain what is needed to acquire one of these properties and with the least amount of risk.

In the early 1980’s when the real estate market crashed and most foreclosed homes were sold at auction, everybody--the government, tax payers, lenders, and the homeowners--except the investors lost big.  Now that the banks have realized their lesson an agent can help you find a home using conventional financing or even some first time buyer programs are available.

Find out what it takes to buy and where these deals are to be found.  Let Dave’s experience in negotiating with the banks help you find the right deal.