Are you looking for bargains on Delaware real estate? If you are like most buyers, you probably are, and you are exploring the market for Delaware foreclosures. A common misperception among homebuyers is that you can purchase them for pennies on the dollar, but it is true that you can find some tremendous values, and that in most cases you can get much more house for your money than you could otherwise. Outstanding bargains on Delaware foreclosures abound in the 150-350K price range, especially in Newcastle and Kent Counties. Foreclosed Sussex County waterfront properties are harder to come by, but if you are looking for them, contact us at 302-893-3632 and we will make sure that you are the first to know about any new Delaware beach home foreclosure listings that hit the market.
Here are some Delaware foreclosure listings that have been posted on the MLS/IDX within the last 10 days:
See MORE Delaware foreclosures.
Another common misperception about Delaware foreclosures is that the bidding process involves a long, drawn-out bidding and decision-making process that can take many months. This is simply not true. Delaware home foreclosure transactions can move swiftly; offers are frequently accepted within 24 hours, and settlement can usually occur within 30 days. There is also more negotiating room, the lenders are eager to unload these properties, and you are not dealing with sellers who have emotional attachments to the property; the lenders are interested solely in making the numbers work to make the sale.
Special Financing for Delaware Foreclosures
As an added bonus, there are special financing programs that make Delaware foreclosures an attractive option. Home Path is a program that is available for purchasing Fannie Mae properties, and some mortgage products can offer up to 3% towards the buyer’s settling costs. For properties that are in disrepair, the FHA 203K Streamline program offers loans for both financing the purchase and the repairs of properties that need rehabilitation.
Get Help from Delaware Distressed Property Experts
Delaware foreclosures can be a bonanza for home buyers, but the purchase process can be fraught with pitfalls. Foreclosure purchases are not for everyone; offers for Delaware HUD homes cannot be made contingent upon inspection, and financing must be in order prior to bidding. Transaction procedures are quite different from traditional real estate purchases. Offers on HUD properties may only be submitted by licensed HUD brokers. Deposits are non-refundable, but we can help you line up contractors who can provide you with estimates on needed repairs.
We are licensed HUD Delaware real estate brokers with years of experience and specialized training. We take the time to counsel you to determine if distressed properties are the best option for you, and we exercise all due-diligence to ensure that your foreclosure transaction is in your best interest.
Contact us for a free, no-obligation consultation.
Incoming search terms:
- 46 liborio lane
- 255 coco cay lane bear de
- foreclosure financing in delaware
- remax horizons wilmington de
- traditional financing foreclosure delaware
- 255 cocoa cay lane bear de active or contract
- remax bear de fha properties
- process foreclosures in kent county delaware
- linda webb-jenkins realtor dover email address
- keller williams delaware forclosures
Related posts brought to you by Yet Another Related Posts Plugin.
