Spellings Real Estate – Bev Spellings (Lisc #00227596) & Brooks Spellings (Lisc #326311)

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Bank Foreclosure Homes For Sale – Make It A Viable Alternative

Are you looking for bank foreclosure homes for sale? The good news of course is that in this day and age, you have a lot of them to choose from. But before you jump in head first, doing some research about these homes, and how to go about getting a real deal is a must. While you may see a home being advertises at up to 60% off of its market value, make sure that you learn everything you need to know before you decide to make a deal on it.

The first step in buying bank foreclosure homes for sale is finding out where they are. There are several foreclosure websites that offer lists of these types of properties and most of them offer this information free for a week. You then need to pay for a membership if you are satisfied with the services.

Foreclosure.com is one of the largest lists of foreclosed properties, With more than one million properties in the United States. Properties listed are categorized into different phases: REO (Real Estate Owned by the government), NOD (Notice of Default), Notice of Sale, Auction or those that have been repossessed by the government. Foreclosure.com also provides information about the community of the property, certain laws, and calculators. This site also provides live chat support.

RealtyTrac gives you the names of properties in different stages of the foreclosure process. Homes for sale by owner are also included.

RealtyStore.com also offers a list of foreclosures, including those that have gone to auctiononline.

Make sure that you do take full advantage of each site during your free trial period. By doing so you will be able to evaluate each sites information and make the right decision for yourself.

Once you have your list of bank foreclosure homes for sale, you can start to do your research. Some people prefer to get homes that are in state of repair and fix them up to sell them for much more. Others are looking for home that are in tip-top shape, and willing to pay the going price for foreclosures on those types of homes. Whether you’re looking for a second home, a vacation home, an investment property, or even your very first home, you can find a great deal of properties at this time.

The most popular way to buy foreclosures is to purchase them from banks because it is comparatively uncomplicated as compared to other methods, and it is less risky. You can still find good deals, but not as good as those which require you to take on more risks. You can also decide to go for government owned properties, or you can go directly to the owner.

Auctions may present lower priced homes, but these too are often risky, so make sure you are more advanced in your research and experience in buying bank foreclosure homes for sale before you dive into these.

By: Beverly & Brooks Spellings

Beverly Spellings Beverly’s parents lived in the same home for more than 50 years. When she began the search for her first home she not only found a place to call home, but a life-time career and passion. Beverly expects to sell around 1,000 homes by the time she passes her business on to her daughter and business partner Brooks. She would be honored to get the chance to make one of those your home. • Bachelor of Science, University of Tennessee • Joined Greater Nashville Association of Realtors, 1995 • Elected to GNAR Board of Directors in 2013 • Licensed Broker • Active in Tennessee Association of Realtors, National Association of Realtors, and Greater • Nashville Association of Realtors • Leadership GNAR 2002 • Greater Nashville Association of Realtors Awards of Excellence, 2001, 2002, 2003, 2004 • Awards of Excellence, Life Membership, Greater Nashville Association of Realtors, 2005 - 2007, 2012, 2014 & 2015 • Chaplain, Greater Nashville Association of Realtors, 2004 • Active member Christ Presbyterian Church, loyal fan of University of Tennessee, and enjoying her best role as Grandmother to Martha Ainsley and John Calvin • Involved in relocating many clients to Middle Tennessee area • Works closely with President/Managing Broker of Worth Properties who has extensive relocation experience Brooks Spellings Brooks is a native Nashvillian who has recently moved back after 7 years in New York. Her love of Nashville brought her back and quickly led to a new career at Worth Properties. Brooks looks forward to building Spellings Real Estate with her mother, Beverly, who has over 30 years’ experience in the industry - over 15 years in the Middle Tennessee area. Brooks' Background: • Bachelor of Science, Bachelor of Arts - University of Tennessee, Knoxville • 2005-2011 New York City - sales and marketing professional at national publications Cooking Light and Better Homes and Gardens • Avid traveler - over 20 countries lived in or visited • Nashville Association of Realtors, Tennessee Association of Realtors, and National Association of Realtors - 2013 • Affiliate Broker Brooks' is an enthusiastic East Nashville resident active in East-side events, resulting in friendships in the neighborhood and with owners and/or employees at local businesses including: • Historic East Nashville Merchants Association • Edley's BBQ on Main Street • Rumours East on Woodland Street • Fat Bottom Brewing Company on Main Street • Jackalope Brewing Company on 8th Avenue • Margot Café on Woodland Street • Bayberry Moon Productions on Woodland Street • Catholic Charities on 6th Street

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