While the inventory of "distressed homes" including foreclosures, bank owned homes and short sales has slowed to a trickle there are some homes that do occassionally pop up on the market. See below for the current foreclosure sales. These homes often require a higher level of patience from buyers and may also require all cash. In some situations it's very similar to buying a non-distressed home. Consult with your real estate specialist. Due to the various challenges and restrictions, bank owned homes, short sales and REO properties can often be a good deal and below current market value.
Current Distressed Homes, Foreclosures and Short Sales in Torrance
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