When buying a foreclosure, be prepared for surprises, says Vancouver realtor Russ Macnab. Many real estate websites, including individual firms or listing services, offer the option to search by short sale. Since February, Bryant has made 35 offers on homes in Riverside, only to be elbowed out by other bids. On the upside, most bank-owned homes are vacant, which can speed up the process of moving in.
Wells Fargo has agreed to spend at least $42 million to settle allegations that it neglected the maintenance and marketing of foreclosed homes in black and Latino neighborhoods across the country, the National Fair Housing Alliance announced Thursday.
Brinshore Development spent 14 months completing renovations to both single-family and duplex homes throughout residential neighborhoods in Bloomington and Normal. Mike Strugatz is an investor who’s bought and renovated about two dozen distressed homes in the Riverside and Lake Elsinore area.
In the wake of the 2008 housing crisis, opportunistic investors swooped in with hopes of profiting on tens of thousands of blighted homes across the country. If you must permanently give up your pets, you will obviously want to find permanent, loving homes for them.
By doing arduous work of rehabilitating many homes on many blocks in Bloomington and Normal, we have been able to put some deteriorated homes back in service, on the property tax rolls, stabilizing value for homeowners while at the same time providing affordable homes to families that desperately need one,” said David Brint, president of Brinshore Development.
