Upcoming Foreclosures

What are the advantages/disadvatages of purchasing corporate owned property.?

Is it different than foreclosure or Bank owned?

Public Comments

1. Corporate owned homes are usually when a company relocates someone. The company will buy their current home then sell it so that the employee doesn't need to worry about it. They may also have bought a property for an employee on a long-term assignment While these are often sold at the bottom end of market value, the companies aren't under the same pressures as an owner facing foreclosure or a bank with property on its books. One advantage is that you'll have more of an opportunity to inspect the property than you may with a foreclosure or auction sale.
2. I forgot to tell you advantages are they can be bought 30% cheaper then other properties in the MLS. The disadvantage is many need repairs and fix ups and may not be ready for immediate occupancy.
3. MikeHale is exactly right.