When properties are up for sale, there can be a lot of reasons to it. It might be a distress sale on most times. Some sell of their properties to move to another location. Or to buy a bigger house. When mortgages are not paid distress sale happens. The mortgagee would have evoked an order from the bank and put the property for auction. If you have money then you can buy such properties. There are many others who are on the lookout for such properties as well. So you might have competition. Properties under distress sale don’t always fetch market value. In fact they fetch a very low market … [Read more...]