You can’t always judge a home buying opportunity by its cover.
Distressed properties are those with owners whose mortgages are higher than the value of the house, commonly referred to as “short sales” or homes that have actually been foreclosed upon. While these properties may not always be pretty, they could be just right for the right buyer.
Millions of Americans became first-time homeowners last year. Like graduating or getting married, this life-changing event will usher in a new chapter in their lives. Once new homeowners have their house keys in hand and prepare to move furniture into their new place, one question they may find themselves pondering is, “What happens now?”