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Rothchilds International Realty Email Me		FORECLOSURE LISTINGS The Seller is a bank, Buyer buys the property FREE of any liens. Almost always Banks require buyer to buy As-Is with right to inspect. Banks will require proof of buyer ability to purchase property, mortgage contingencies are allowed. Foreclosures can represent excellent value however many private Sellers can also compete with Bank Foreclosure pricing. Email us for more info and to arrange an appointment with Rothchilds Realty to view and make offer, we prefer to represent your interests in Bank Sale transactions (see page: Hire A Buyers Agent) You may also want to view our page for available Short Sales. A short sale is when a property is sold to a new buyer for less than what is owed to the bank by the Seller. The buyer gets FREE and clear title, no liens. Often the Seller's debt is settled as paid in full at closing. Sometimes a bank will execute a promissory note for some of the mortgage not paid back at closing. Either way the buyer can get a real bargain. Short Sales can take 2-6 months to close, therfore buyers need to be patient. Real Estate Websites by Advanced Access © 1998-2012