A foreclosure occurs when a property owner/borrower hasn’t kept up with their agreed-upon mortgage payments, and the lender tries to take ownership of the property through legal means. Some investors find it beneficial to buy foreclosed homes and commercial properties because the cost is usually much less than the cost of a property purchased through traditional methods, and the sale takes place more quickly.
A short sale is another option for potential investors to purchase commercial properties and residential homes at a discount. A home listed as a short sale is being sold for a lesser amount than the sum currently owed on the mortgage. Homeowners/sellers may go this route if they need a significant amount of money quickly. A short sale helps the property owner avoid foreclosure and limit damage to their credit. The possibility of obtaining a property at a discount is one reason some may prefer buying via this option.
Our team has extensive knowledge when it comes to buying foreclosure and short-sale properties, and we want to share our expertise with you when you’re looking to buy property as an investment. We can provide information about residential and commercial real estate, ranging from office spaces to large homes.
Acala Investments, which also offers management services, can help you, whether it’s your first time with the process or you’ve been at it for a while and you’re looking to revamp your strategy and make better choices that can benefit you and your bank account. Ask our team about the latest residential and commercial real estate market trends that can help you make your final decision about the ideal property for you to buy.
