Green Bay Real Estate Foreclosures Part 2

From my experience in dealing with foreclosures the most important thing for me as an agent to do is to educuate my clients as best as possible on how the process works. Foreclosures are a different animal than typical real estate transactions. The unique thing about foreclosures is that there any many different kinds of opportunities. The first opportunity that i'll touch on is short sales. What are short sales?

A short sale A sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what he owes.

Janie Coffey does a wonderful job of explaining the process of buying a short sale and what to expect. A great read for anyone unfamiliar with short sales. http://activerain.com/blogsview/521141/Buyers-Making-an-offer

In summary it's extremely important that you work with an agent who has extensive experience in dealing with short sales. If you don't you run the risk of wasting alot of time and run the chance of not even getting the home you want. 

Stay Tuned for Part 3 Government Owned Foreclosures in the Green Bay Real Estate Market.

Contact Greg Dallaire, Realtor®, Micoley and Company. Licensed Realtor® in Green Bay, Wisconsin at 920-217-2647 to list your property for sale or to purchase a property in Green Bay, Howard, Suamico, East De Pere, West De Pere, Bellevue, Hobart, Bellevue, Allouez, Wrightstown, Denmark and the rest of Brown County Wisconsin. I'm accepting referrals.

Call me today at 920-217-2647. Contact me by email if you prefer by clicking on email me on the right side of this page under my profile.

To view all the Green Bay Wisconsin Homes For Sale Click here and then click on Search For Homes Greg Dallaire knows Brown County and
will help you get your home Sold if you need to Sell your home and help you buy your Green Bay Home or Land ; call me today.