Contact: (805) 796-6482
CA BRE License #01246477
info@shoketgroup.com
Contact: (805) 551-7341
California BRE License #01899853
info@shoketgroup.com
Foreclosures as well as (REO) Real Estate Owned properties are homes that are owned by a bank or investment group. After the previous owners were foreclosed upon, these properties were typically purchased, or retained, at auction by a bank or investment group. The condition of these homes can vary quite a bit. They will all be vacant, therefore often times the utilities will be off, additionally the yards and/or pools will be in need of maintenance. The interiors can range from perfectly normal condition to very poor condition – meaning that appliances, fixtures or doors may be missing and there may be broken windows in addition to holes in the walls. Due to condition, some Foreclosures may not qualify for FHA or other conventional loan programs.
Purchasing from a bank or investment group is typically very straightforward. It may take a week or so to receive a response to an offer, but once your offer is accepted, we would move forward just like a normal transaction.
Turn Savings Into Style: Renovate Your Way to the Perfect Home
With Foreclosure and REO property, we help buyers uncover opportunities where the purchase price leaves room to renovate. By identifying homes with strong potential and negotiating wisely, you can invest the savings into customizing your space to match your unique tastes and lifestyle—making your dream home a reality. Contact us today for a free buyer consultation at (805) 796-6482..!