What's A Foreclosure?
A foreclosed property is owned by the lender as a result of the previous owner defaulting on the loan. Like everywhere else across the United States, Southwest Missouri saw an increased amount of foreclosures come on the market after the 2008 recession. However since the turning point of 2015, the local market has since stabilized with few forecloses listed.
If you’re looking to purchase property, you may want to consider a foreclosure as they are generally priced below market value. Foreclosures can offer buyers the ability to move into higher-priced neighborhoods they might otherwise not be able to afford. By purchasing an inexpensive foreclosure, buyers can build wealth as the property steadily increases in value. However there are many factors to consider when buying a foreclosed home compared to a traditional home purchase.
Foreclosure properties are a popular housing option, but there are also more issues to watch for with this type of purchase. My name is Charlie Gerken and I'm a real estate agent who has years of experience selling foreclosure properties. I can guide you through the additional paperwork that comes with purchasing a foreclosure. I'll also help you determine if the price is a good value or if you'd be better off purchasing something else.
To learn more about foreclosures, please contact me today to find a property that best fits your needs.
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Branson Real Estate Foreclosures For Sale
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1621 Galena Avenue
Galena, KS 66739
N/a
Residential
MLS# 60215467 / Active
Looking for a DYI project? Bring your best ideas and turn this property into the home of your dreams. Features over-sized Master bedroom with addit...
1098 West State Highway 248
Galena, MO 65656
N/a
Residential
MLS# 60212404 / Pending
3 BR 1BA bungalow style home. Several outbuildings. Highway frontage.