Foreclosure's are properties owned by mortgage lenders because the original owner defaulted on the loan payments. Generally speaking, the mortgage lender initiates the foreclosure process after three months of non-payment by the borrower. Milia Team Realty specializes in representing buyers and investors of the following 3 types of foreclosure properties:
Foreclosure's usually represent great deals on housing, but are by no means for the faint of heart. Buyers and investors of foreclosure's are typically (but not always) purchasing the property with cash, or have a lot of cash on hand to handle the repairs and renovations that most foreclosure properties require. Traditional Conventional, FHA and VA financing usually will not work with a foreclosed property, because the typical condition of a foreclosure will not pass the strict appraisal/inspection process associated with Conventional, FHA and VA loan programs. But if cash is not an option, other renovation loan programs exist such as FHA 203k and the Homepath Renovation Mortgage (for use on Fannie Mae Foreclosures only). Some of Milia Team Realty's trusted loan officers also offer Conventional Renovation Loans, contact us directly for details on these programs.
Beautiful 4 bedroom home with large open layout, well maintained, fully finished basement 2 car garage and so much more! Easy to see and show, Schedule to see today!
Listing courtesy of Silver and Oak Realty.
One Level Rancher in need of Rehab w/2nd Detached Structure previously a Garage...Transformed to 2nd House--Not recorded on Deed as such. Property being conveyed totally...
Listing courtesy of Coldwell Banker Residential Brokerage.
This is a Fannie Mae HomePath property. Only owner occupant offers will be considered thru July 12, 2019. After July 12, 2019 owner occupant and investor offers can be c...
Listing courtesy of Rosselle Realty Services.
© 2019 TReND. All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the TReND Internet Data Exchange (IDX) program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Real Estate Company participates, and is provided by TReND through a licensing agreement. Real estate listings held by brokerage firms other than Real Estate Company are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
All information provided is deemed reliable but is not guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.