Panama City Foreclosures
The Panama City Foreclosures market has been the topic of many conversations these days! Many have found it interesting and tricky market to pursue. Many purchasers and investors have been looking to the Panama City Foreclosures and Panama City Short Sale market for a true deals! Well, as many have found, the Panama City Short Sale market has fallen a bit short. There are many reasons for this, but the main reason is that many Short Sales are not lender approved. What does that mean exactly? Well if a Panama City Short Sale has not been approved by the lender, or if there is not a point person with the lender, guess what…you could be waiting for 30-60 days to even get a counter offer from the bank!
1) The bank has taken the property back
2) They have cleared any of the liens outstanding on the property
3) This includes any second or third position notes on the property…oh this is a tricky one on a Short Sale……so another reason to focus on Foreclosed property
4) Banks/Lenders are not in the real estate business.
Both Panama City Short Sales and Panama City Foreclosures can be tricky, but with a qualified agent, you can make a very solid investment decision. Let us know if we can be of assistance with you in helping you find your Panama City Foreclosures.