The discount on foreclosed homes compared to other homes has fallen to a 12 percent average, according to Diggle.
Not exact matches
We track the
discount by comparing the sale price of
foreclosed homes with that
home's Zestimate
home value
on the day of the sale.
Today investors are buying fewer single - family
homes as their business enters a new phase — based
on a strong overall economy instead of a tidal wave of
foreclosed homes available at steep
discounts.
The
foreclosing lender typically doesn't want to hold
on to the
home and may be willing to offer the property at a
discount to get it off their books.
Or you could buy a delinquent note from the bank at a
discount and take over the
home loan, he suggests, essentially becoming the lender, and eventually
foreclosing on and reselling the property at a profit.