Foreclosures & REOs

Foreclosures are also referred to as, real estate owned (REO).  Banks own these homes, after a property has been foreclosed upon for lack of payment.  These homes are often a great price, but may require some TLC.

These properties are generally purchased by savvy real estate investors, who often employ an experienced real estate broker to negotiate with the bank on their behalf, an even better purchase price.

Unfortunately, many buyers think that they are unable to purchase these foreclosures. Not so! When a buyer is working with an experienced, knowledgeable real estate broker, in many cases, they can benefit greatly by getting more home for their money.

As a broker, Alfy Sprenger, has helped investors and many families achieve what they felt was the impossible in this process.

Contact us today.  We would be glad to assist you in this process as well.

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Alfy Sprenger, Principal Broker
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