Foreclosure: Bargain or Bust? With Guest John Streuter | Episode 28

You’ve seen it on the HGTV shows a million times. A crummy house on the corner goes up for auction and the gorgeous realtor couple puts in an all-cash offer and completely renovates the house in 30 minutes including commercials. This is what most people think of when they hear about the foreclosure process but there is far more to it than “Sold to the person in the back!”. Biding on a foreclosed property can be one of the riskiest investments in the real estate world and it’s hard to know exactly what you’re getting in to before the county clerk strikes the gavel! In this episode, you will learn why properties go into foreclosure, how the bidding process works, and if a foreclosed property is a bargain or a bust. Thank you to our Chief Mortgage Officer, John Streuter, for answering all our foreclosure questions!