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Bank Foreclosure Home (Summerville, GA)

Bank Foreclosure Home (Summerville, GA)

Postby smix » Mon Aug 12, 2013 10:58 pm

Bank Foreclosure Home

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URL: http://www.landincorporated.com/Preview.aspx?pID=02caecef-4c2a-4d1d-850b-64a4eb9e34b0
Published: 7/12/2013 11:53:51 AM

Description: Amazing farm right outside of downtown Summerville just off of Hwy 48! It is only five minutes outside of Summerville, 45 minutes from Rome and Chattanooga and just over an hour to Atlanta. This 22 acre tract borders Raccoon Creek along the back property border. You’ll find great views of Taylor’s Ridge and Cloudland Mountain. The land features open pastureland with some hardwoods and gently rolling topography. Enjoy the views of mountains and pasture from your country home while still being within a short drive of area shopping and dining. Schedule your tour today!

Loc: Summerville, Georgia
Size: 22.42 ac
Price: $112085.00
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smix
 
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Re: Bank Foreclosure Home (Summerville, GA)

Postby thepast123 » Mon Oct 30, 2017 8:17 pm

Hello there,

If you are planning to buy a foreclosed home, then it's important to know the pros and cons of foreclosed properties.

Pros:-

1.Price of Home:- One of the main benefits of buying a foreclosed home is the price of the home. It's typically the 10-15% below than the current market value

2.Lucrative Investment:- Foreclosed properties can be lucrative investments as rental properties to be sold when the market picks up.

Cons:-

1. Purchased As is Condition:- While buying a foreclosed property, a bank will not agree to pay for roof inspections or other repairs to a home. These are all the responsibility of the buyer.

2.Foreclosed homes are not in prime locations:- Most of the foreclosed homes are not in the prime location of main towns or districts.The homes in a good location will sell quickly.

Thanks :arrow: :arrow: :arrow:
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