Why Consider a Foreclosure Property?

Foreclosure Property has become a very popular type of property recently.  Search for Foreclosure property in St. Louis and St. Louis County by using the form above, or contact us to begin receiving Foreclosure listings.  Due to the increase in foreclosures and the subsequent news coverage on our nation's housing, many Homebuyers are considering buying a Foreclosure Home.  In addition to the Owner Occupied Homeowners, foreclosures have been consistently sought after by Real Estate Investors.  Buying a foreclosure could result in a great deal for a Home Buyer or Investor!

Look at Our Interactive Map Based Exclusive City and Countywide Investment Property List Here

The Map Based Listings are very easy to use in your Search for Investment Deals.  Search Our Comprehensive St. Louis Investment Property List here.  These Zip Code Searches are set to Specific Criteria chosen by Reconnect Realty.  The links in this list are organized into available Foreclosure and Investment grade properties.  These properties are all handpicked based on Price, Location, Size and Potential for Renovation or Rental.  Get Started, View Reconnect Realty's Comprehensive St. Louis Investment Property List Today!

Are all Foreclosure Properties Great Deals?

Not all property is created equal.  While purchasing a Foreclosure could result in a great deal, there are many pitfalls that could cost a buyer down the road that should be avoided.  Some common problems with Foreclosure property include:

• Hidden Problems with Heating, Electrical and/or Plumbing Systems
• Vandalism to the Property 
• Infestation from pests
• Hidden liens from unpaid contractors or utility companies
• Inspections may not be allowed per the Seller's Sale Contract
• Un-paying or Non-Qualified Tenants in Rental Property

While these are only some of the problems with Foreclosure Properties, all of them can cost Thousands of Dollars to correct!  

Reconnect Realty has not only assisted hundreds of Buyers locate Foreclosures, Stephen Prane, the Broker actively purchases Foreclosure Property.  Contact us for Help Locating Foreclosure Property!

Why should you work with Reconnect Realty locate Foreclosure Property?

Reconnect Realty is an independent Full Service Real Estate Brokerage with years of experience with Investment Property.  In addition to assisting Buyers and Investors locate quality Foreclosure Property, Reconnect Realty has first hand experience in purchasing, renovating and managing Foreclosure Property.  From aggressive negotiating to spotting problems and costs, our Buyer Clients save Thousands of Dollars.  Our in depth information and experience benefits every Buyer Clients on every Real Estate transaction.  Best of all, our commission is typically paid by the seller, meaning there is no cost to our Buyers!

What is a Short Sale?

A Short Sale is the process of selling a property at a price below what is owed to the bank who holds the loan.  This can be a somewhat complicated and lengthy process for either a buyer purchasing a property through a short sale or a seller trying to sell their property in a short sale.  The bank will need to approve the price regardless of where the original list price was set.  In order for them to approve the price, the seller must complete a short sale packet providing all necessary documentation to the bank.  The property must also pass a BPO valuation or Broker Price Opinion.  There are a lot of variables that can make or break a short sale thus making it difficult to complete.

Reconnect Realty can Help you through a Foreclosure and Short Sale

Reconnect Realty has extensive experience helping both Buyers and Sellers through the short sale process.  There are many things a seller can do in order to increase their chances of obtaining a short sale approval.  In some cases, the seller can walk away from owing any additional money to the bank regardless of how much of their loan was left unpaid.  This is always the scenario we always pursue.  

Buyers are educated about the length of time and process of a short sale.  In addition, Reconnect Realty protects their Buyer Clients contractually in the event the Buyer changes their mind and decides to pursue another property.  Call or Contact us for additional details on the process of Buying or Selling a Short Sale.

Up to the Minute St. Louis Foreclosure Property