What to Expect When Buying a Lender-Owned Home

In another article, I talked about lender-owned homes, and what to expect.  The condition of these homes is generally disappointing to most potential home buyers.  Home buyers that tell me they want to explore this market generally look at a couple, and then they quickly dismiss the idea. So, have I ever sold a foreclosure property? Sure have.  The process of buying from the bank is quite a bit different than buying from a private owner. Very different.  So, if we are going to do this, let’s know what we are getting into! Read more

Foreclosure Homes in Cincinnati. Are they a Good Deal?

Buyers often tell me that they want to be sure to explore the foreclosure market when we begin our home search.  Enthusiastically armed with more fantasy than fact, they are quite sure that there is a bargain to be found because they over heard their co-worker telling the story that their uncle’s, cousin’s oldest child, three states over got a $350,000 home in great shape for only $150,000!  Baloney.  T.V. commercials are currently running that show beautiful homes in wonderful condition, bank-owned, that can be bought for pennies on the dollar. My advice: Turn the channel. Read more