| Buying
Pocono Foreclosures
Buying
a bank foreclosure in the Pocono region conjures up images of
bargain basement prices.
However,
anyone considering buying a foreclosed home should forget about
paying pennies on the dollar. In today's hot Pocono real estate
market, such deals are rare - but great deals are still available
- foreclosures can sell for 30 to 40 percent below market. Generally
speaking though, most foreclosures sell for 5 to 10 percent below
market.
For
many people the foreclosure process can prove to be a daunting
task. The foreclosure process requires research, preparation,
patience and persistence. Lenders, (banks, mortgage companies,
insurance companies, credit unions and consumer finance organizations)
all have different methods of reporting distressed property information.
This is why the best way to purchase a foreclosed property is
through Mountain View Realty. We've already done the work and
can make the purchase easy and simple!
PoconoForeclosure.com
blankets the Pocono region, including areas such as Lake Wallenpaupack,
Honesdale, Hawley, Lake Ariel, Greentown, Hamlin, Milford and
most of Pike and Wayne counties.
If
you are interested in a distressed property or bank foreclosure
in Pike or Wayne county call our foreclosure expert Paul Potenziani, Jr. at (570) 647-7176, or email me at paulmvr@ptd.net.
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