Pasadena Foreclosures
Did you know that you can buy Pasadena foreclosed homes for almost a 100% financed? There are great loans such as FHA, VA, and CALHFA loans (designed for people in education). All of which only require 3% down payments.
There has never been a better time than right now to live the American Dream of owning a home. This is definately a buyer's market, and many banks are unloading foreclosed homes for below market value plus paying the buyer's closing costs.
Q: Is there any "Risk" in purchasing foreclosures?
A: Yes, but lets see the reward...
Reward by taking a "Risk"
Purchasing a bank owned home may be an As-Is purchase, but you have the same rights as in purchasing any other home. By hiring a professional inspection company, you can know in detail what faults the home may have. Many times the items will be quick fix-it items. Therefore, make sure you have an "Inspection Contingency Period" and if the home is not what you thought it was, then cancel the deal.Just think about all those shows like: HGTV's Designed to Sell, Armando Montelongo's Flip This House, and other home improvement shows. I bet you thought.... "Wow, I could have done that!" Be like Nike, and Just Do It!
And yes, the rumor is true that in many foreclosed homes you may see missing doors, missing knobs and in some cases even missing kitchens! You have heard the saying, "Risk vs Rewards." Take the "Risk" in buying a foreclosed home and get a killer deal! After a couple trips to Home Depot and putting a little sweat equity, you will see in the end that it was all worth it.
If you have been considering buying a Pasadena Foreclosure, call Ramiro Rivas & Associates at 626-497-4606 or visit http://www.soldbyramiro.com/ .
Are these bank owned deals really deals at all.
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