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GET YOUR FREE REPORT ON BANK DISTRESSED SALES
Distressed properties are a type of real estate that is being offered for sale because of an impending foreclosure or repossession. There are many different kinds of distressed properties, generally depending on what stage of the foreclosure process the property is under. There are distressed properties for sale from homeowners who have recently defaulted on their mortgage and are looking to sell before they get any further behind, and there are distressed properties that are scheduled for public auction by lenders or local courts as the last stage of the months-long foreclosure process. But what all distressed properties have in common is a low price tag. Distressed homes can sell for anywhere from 30%, to 45%, even up to 60% off what they are actually worth, and this makes them an incredible opportunity for all home buyers and real estate investors.
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