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In today's real estate market, there is more hype and mis-information about "repo" homes than almost anything else. The days of banks and government agencies selling off properties for heavily discounted prices have been gone for years. Banks are in business to make a profit. They will sell properties they have to take back for their current value, not the loan balance, as many people think. However, if you're willing to take something in poor shape and rehab it, |
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that will often yield the greatest return on your investment in this type of property. If you spend even a little time online looking for "repo" sites, they are easy to find. Most charge a monthly or annual fee for access to their database. To encourage you to give them your money, they will tell you what great deals you can find by subscribing to their service. It's not necessary to pay their fees to get access. In fact, their lists often have old, out of date information! We have collected a list of the top bank and government repo property web sites. Their information is up to date, and best of all, access is FREE! If you see something you like, give us a call. We have the special keys, contracts and lockbox access for just about any of them. Click here to access our list! |
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