Distressed property is any property that is under foreclosure or being sold by the lender. Normally, a distressed property is a result of a homeowner who was unable to keep up with the mortgage payments and/or tax bill on the property. It is common for a distressed property to be sold below market value.
Not all distressed properties have been repossessed due to late payments. On occasion, lenders, banks and credit unions seek to repossess a property to protect their investment. Lenders may take this action due to other claims being made on the property or due to a discovery of mortgage fraud.
There are at least two good reasons to buy a distressed property:
Highly Commendable, Very efficient:
Bhatnagar’s real estate services were highly commendable. They have an excellent set of well trained people that helped us transact a property efficiently and flawlessly.
We would highly recommend them and their staff for anything to do with real estate.
Our Association with Bhatnagars started in July 2017, when my husband Ron n me decided we wanted a home( our love nest 😊) in Koregaon Park and so to help us make it happen we had a conversation with Miss Charu Bhatnagar. We particularly remember the friendly, open and straight forward communication with Charu who helped build our trust. In our first meeting we were welcomed by a young , energetic and approachable Charu who was so well prepared with every information and more. It is very rare to meet someone in the Real Estate Industry as organised especially with her excellent way of maintaining records and details of every relevant document which met to every query. She knew exactly what our requirement, budget and liking was and offered her constant support readily.
She has this amazing quality that inspite of all the pressure of dealing with various clients and their needs she was always a sea of calmness tackling each task with a smile. We made friends for life which was an extra brownie point we earned. Charu is brilliant and met every deadline. The results were fantastic!! and we strongly recommend Bhatnagars.
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MAHARERA No. – A52100040991
