Maple Valley Bank Owned Property Report March '08

March Update

Sometimes Bank-owned properties (or those which have gone through foreclosure and are now owned and available for sale by the Bank/Lender/Asset Management Co) are a "good deal" and sometimes they aren't. Here are a few tips if you're looking at Bank-owned properties:

• If you're looking to purchase a bank-owned property, enlist the help of a professional in your area who knows your market and can help you navigate the Bank-owned process. These companies will often have their own forms and "quirky" requirements. Make sure you understand all the implications before signing on the dotted line
• Do your due-diligence, talk with the neighbors, find out about all "the skeletons", if any, before you buy. Sometimes the bank will have conducted an inspection of the property but there are things even an inspector cannot find....for instance flooding in the back yard, past leaks or plumbing problems now undetectable. Hire your own inspector! Even if he/she finds nothing, it will be money well spent on future peace of mind.

Here is the March Bank Owned Inventory Report For Maple Valley, WA

6 Homes on the Market

Prices Ranging from $285,000 to $535,000

Size Ranging from appx:

1850 square feet to over 4,000 square feet

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