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By now, I'm sure you have heard that the number of delinquent home loans has been on the rise and the immediate forecast shows it continuing to increase. As of last October, Missouri was ranked #14th in the country with its number of foreclosed homes which was an increase of 183% from last April. The top Missouri County was Jasper County; not too long ago it was St. Charles County. St. Louis City was ranked #15 as far as Top Metro Cities in the nation.
With this in mind, I feel there is a need to educate those wanting to learn about the foreclosure process, those wanting to purchase a bank owned property either for their primary residence or for investment purposes. I'm finding there are many "mis-leading" websites out there, most of which are outdated, not updated daily, and overpriced. If you would like the latest, up-to-date and accurate information regarding local bank owned properties, I invite you to contact a local experienced & reliable REO agent. Although it's not difficult to purchase a bank-owned home, sometimes "issues" arise before closing and it's important for you to understand the procedures. Many of these "issues" can be avoided by teaming up with a qualified & professional agent. Having said this, you might find properties on our website "under contract." I'm finding that banks are pricing their homes to sell and they are moving quickly. Our Foreclosure Division can assist you with all the current information which changes daily at no cost to you.
Don't let the media fool you, now is the time to find great opportunities to purchase a home. There is plenty of inventory, home prices are down, and interest rates are still low.
Please take your time to browse through our homes listed here as well as the information we've provided. Please do not hesitate to contact us with any questions. You can be assured that your requests will be respected and approached with the utmost professionalism.
Happy House Hunting.
Respectfully,
Mark Ottinger, Broker
Alexander Realty
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