When it comes to foreclosures, the timeline from the first missed payment to the foreclosure sale can be a quick process- generally about six months. During the process there are many processes that take place, which each step inching the homeowner closer to having their home being foreclosed on.
?In the past few years, the word foreclosure has been associated with the thought of being able to purchase a dream home for a steal of a deal. Although there is some truth to this, this isn’t always the case. There are many myths about buying a foreclosure, but in reality, buying foreclosures can be a simple process if you know what you are getting yourself in to.
There are many REALTORS at KW who specialize in short sales and foreclosures. They are specially trained and have the knowledge and experience to navigate through the sometimes long and arduous process of buying a foreclosure or a short sale.