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Wallace

Realty & Auction, LLC

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+ Commercial Auctions
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It is a great time to get into the market as an investor. There is a huge supply of land and houses due mostly to foreclosures. In addition, banks and mortgage lenders have become a lot more conservative in their lending so home owners are having a more difficult time buying homes. Instead, they resort to renting and that is good for the investor.

The main advantage of course is the price of properties. Many auctions are run because of foreclosures or because the owner needs to sell their property quick. Banks who have foreclosed land and homes don't want to own those properties. They want to get rid of them as soon as possible.  They are in the financing business not the land and real estate business. They're not looking to get the best price possible on their
foreclosures.  And there is a upkeep cost that they have to pay every month that they hold onto those properties.

In addition all of your paperwork can be finalized within a week of the auction. That means no more going back and forth with an owner, real estate agents, and bankers. 

Call Wallace Realty & Auction for a free consultation on how to buy a foreclosure!