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Foreclosures are a niche' market that has become more popular with all the foreclosures in the market right now.  If you are considering buying a foreclosure, you will want to work with an agent who is familiar with the process and also has experience negotiating these contracts.  By working with someone who knows how foreclosures work, you will increase your odds of writing an offer that will be appealing to the bank.

When banks price foreclosure properties, they have had several independent opinions on the property, location, market trends for the immediate area, and the condition of the home.  All this information is used to help them set the price.  Since those opinions are based on the condition, typically the list price will reflect the issues that are common to foreclosures.  Usually foreclosures fall into the "fixer upper" category.  Of course, there are special programs for those "fixer upper" properties, and there are lenders that specialize in loans for "fixer upper" foreclosure properties. 

With all this in mind, it is wise to work with a company and/or agent who knows this process.  All of Our Agents are fully trainined on foreclosure negotiations so you can work with anyone on the Action Team with confidence.

Betty Minor
Broker/Owner
Action Real Estate
Birmingham, Alabama & Surrounding Areas
Office (205) 263-1900
Fax (205) 263-1955
Cell (205) 222-4218