Sleeping In Foreclosed Houses Before Buying It |
| Published: July 23, 2008, 10:03 am |
| Tags: foreclosures, foreclosed houses, foreclosure crisis, mortgage, real estate, reo, reo foreclosures, reo house, reo property, sub prime |
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The usual advice to buyers is not to be hasty but to sleep on the reo property before signing. The foreclosure crisis has made things a bit literal for potential buyers. In Orlando and other parts of the country where the real estate market has collapsed some buyers are now being given the offer by sellers to sleep inside the houses before finalizing the deal. Orlando realtor Pat Skiffington admits that since the market is extremely tough one has to think up novel ways to get a house sold. Offers like these go a long way in helping serious buyers take the decision. The housing market in USA has come down with a crash after skyrocketing to dizzy heights. Orlando, Miami and Las Vegas have been some of the worst hit pockets. During the boom period speculation had been at its zenith, lax standards were loose and fraud mixed with greed produced the perfect cocktail for the crashing entry of the foreclosure crisis into the scene. There was a time when during 2000 to 2005 the prices of [ Full article ] |
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