Near neighborhood retail/commercial, schools and places of worship. REO Occupied Reserve Auction – NO ACCESS OR VIEWINGS of this property. Foreclosed homes can be a good investment if thorough research is conducted, the local housing market is favorable, and buyers have experience in rehabilitating properties. This depends on the seller’s needs and preferences, as well as the state of the real estate market.
- In other words, proving that you can secure a mortgage will go a long way in persuading a seller to take your offer.
- Don’t miss this wonderful opportunity to own this solid brick townhome in Washington Village.
- Below are a variety of homes either in some type of foreclosure or pre-foreclosure status.
- You might also receive a warning from your lender about a potential foreclosure if you fail to make the payments.
A home you buy at a public auction might have a lien on its title from a government agency, especially if the former owners stopped paying property taxes on it. Discover and understand more about what you can expect for Spartanburg, SC in terms of weather, education levels, income levels and more to get a better feel for the city. READY FOR YOUR BUYER. THE POOL DECK HAS AN STRUCTURE ISSUE AND IS BEING SOLD AS IS. Houston is a minimally walkable city in Harris County with a Walk Score of 47. Based in the Bay Area, Jacqueline has over eight years of experience covering real estate, personal finances, and money management.
Median Home Price in Spartanburg, SC
If the borrower then misses another payment, the lender may issue a more formal notice called a demand letter. A mortgage or deed of trust on a home is a secured loan that’s used to finance the purchase of that property. A secured loan is one that’s backed up by something tangible that a lender can then claim and sell if the loan isn’t paid. The property “secures” the money that was loaned to the purchaser.