They are normally listed as properties that were obtained through foreclosure action or as handyman specials homes. Handyman specials homes are homes that require some renovation so that they can be either be sold, lived in or rented out.
The most fundamental of all repo jobs is the repo agent. A repo agent can best be described as a field operator because a repo agent has to meet the clients, take repossession of the mortgage properties in case of defaults, etc.
Inflation is on a rise all around the globe and it has made it difficult for many to buy a home of their own choice. But it is to be understood that goals can be difficult but not insurmountable. All you have to do is to keep yourself updated with what’s going around you. Foreclosed land is an option available to everyone to buy a home of his or her own.
This summer a million-dollar Hamptons mansion was caught in the foreclosure net. This mansion is an 18,000 square foot property in Bridgehampton. Foreclosure has reduced its value from $27 million to a mere $19.5 million!
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