USDA Home Loans Blog

The time is ripe to buy foreclosures or short sales!

The key to finding a good deal is thru careful research or using the expertise of a realtor. Which method you chose depends on your experience level.

Foreclosures can be found in public records at the recording office of your county or by contacting individual banks and asking for a list of their foreclosures for sale.

Short sales are a bit more complicated since you must first get the owner to reduce their asking price and basically walk away with nothing. Then you must negotiate with the mortgage holder asking them to accept less than the amount that is owed. This process takes time and patience. It will also be frustrating. The reward for your frustration could be a great deal on a home well below market value.

If you have any questions on foreclosures, shortsales or mortgage programs available please call me direct.

Steve Jeppesen    

352-817-3080