Agents Working on Foreclosures or Short Sales!

FOR ALL AGENTS WORKING ON FORECLOSURES OR SHORT SALES
 
If you are working with a buyer who is going to purchase a foreclosure or a short sale, remember to read every addendum.  I just ran into one the other day that said that the seller (the bank) can unconditionally require the buyer to pay any and all taxes, water or utilities.  ** This means your buyer may be responsible for paying any back taxes with regard to this house.  This is another reason we advise that if your client is thinking of purchasing a foreclosed property, you should encourage the buyer to do a title search BEFORE you submit an offer!!!  This will tell you of any back taxes, encumbrances on the property that could affect the purchase of the property.

Keith is a Realtor with Wilkinson & Associates in the South Charlotte area. He is a member of the National, North Carolina, and Charlotte Association of Realtors. I used to belong to the Long Island board of realtors, making happy homes for people there. Now, I have finally convinced my wife to move down to Charlotte from Long Island, NY. So if you're ready to move into a fine area or you're ready to move on out, then give me a call at 704-607-4729. I want what's best for...

...our Neighbors, our Friends, our Families!

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