Bristol Parc Foreclosures
Just the other day I had a nice woman call me to ask about Bristol Parc foreclosures. She had found me online and was wanting more information on how she could take advantage of the amazing deals available in Bristol Parc. We have found the community to offer some very fantastic features for even more fantastic prices.
Here is the list of Bristol Parc Foreclosures. Don’t worry if there are not currently any available, there are always great bargains on this list of homes for sale in Bristol Parc. That’s the thing, the foreclosures that come on the market in Bristol Parc are not plentiful, but when they come, they tend to sell very fast.
You see, foreclosures are typically priced below market prices, because the banks want to get rid of them fast. Anymore, it’s rare to see a foreclosure that sits on the market for 30 days. They usually go up and get sold within the first couple of weeks. Depending on whether you are an investor or someone looking to occupy your own home, can have a significant difference on the outcome.
Let me explain. Freddie Mac & Fannie Mae have both now instuted similar “First Look” programs. These programs are designed to create long-term stability in communities. Here’s how they work: When a Fannie or Freddie foreclosure goes on the market, they DO NOT CONSIDER any offers on the property until after a certain period of time (usually 7 days). Once this time frame is up, they will consider offers for only owner occupied primary residents. This usually lasts until day 13 when everyone can have a ‘look’ at the home and their offers will be considered. So, for those of you who may have been intimidated by those cash investors out there, the playing field has really been leveled. Therefore, Bristol Parc foreclosures can fit your needs/desires just like it can for an investor, except in some cases, you’ll have an even better chance!