When a property is repossessed (foreclosed) by the lender, it is known as Real Estate Owned (REO). Lenders (mainly banks) then sell it off for whatever they can get for it. The properties we are dealing with are REO properties situated in the mid-West of the United States.
Through contacts in the USA, we have been able to secure a continuing flow of such properties, available to buy at $32,700 each. This price includes all the legal fees and closing costs.
For every 100 properties our contacts inspect, they accept only 5-10 into this programme.
It is an important feature of the programme that every property should be of a good standard so you can receive 12 months ' warranty and various other guarantees which are in the brochure. Download it Here
When you decide to buy one of these properties, and transfer you purchase funds to the escrow agent, you will be allocated a particular home which is fresh onto the availability list.
Because of the speed with which they are processed and the enormous discount to market value being achieved, you cannot unfortunately select a specific unit.
These homes are being sold in massive numbers at bargain prices and are covered buy guarantees, to give you peace of mind.
A typical property in this programme, available now at $32,700 will have a current market value of $55,000 to $90,000 and have sold in the past, before the credit crunch, for $60,000 to $120,000.
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