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It is best to work with an agent who is a Short Sale/Foreclosure (SFR) Certified agent. They have a pretty good understanding of home values in a distress market and can assist you with the process of buying a foreclosure.If you want more information or want to search for foreclosures in your area then visit my website at:[link removed by moderator ]
Find a Realtor that specializes in the area you are targeting and have them supply you with the new and price adjusted foreclosure listings, all the details on them and the market analysis information on past and current rent and sale prices. Tell them you want him to show it/them to you, but do not want to pay them personally for all their hard work, but you expect them to work only for you as a Designated Agent.Many of us work that way and are helping our clients get great deals at about half the price of the past high prices. Not all foreclosures are priced that well, so being flexible helps a lot....
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For Sale: $236,900