Grand Rapids Downtown Condo Foreclosures

Downtown Grand Rapids Condo Short Sales and Foreclosures

Grand Rapids Downtown Condos Foreclosures

Grand Rapids Downtown Condos Foreclosures

The downtown Grand Rapids condo market is moving right along. Some condos, like Riverhouse Condos are selling better than others but in all, downtown condos are selling. Prices are low and interest rates are still very attractive. Even in this market there are still even better deals to be had as there are several distressed condos on the market. Among these are short sales and foreclosures or bank owned property.

Purchasing a Grand Rapids foreclosed condo or one that is bank owned is the same as purchasing anything else however, if you are interested in a short sale, the wait is more than likely going to be longer. Sometimes quite a bit longer. A short sale takes place when the owner owes more than the condo is worth and the bank is petitioned to accept less than the loan amount. With the sheer volume of these distressed properties, it just takes a very long time.

If you are looking for a condo in Grand Rapids and don’t mind waiting, then perhaps one of the short sale condos might be an option. If you have any questions about purchasing a downtown condo or if you have a condo that you need to sell and would like to find out its value, feel free to call me direct or email me anytime.

Grand Rapids Downtown Condo Foreclosures


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