OPPORTUNITY IS KNOCKING

Your Guide to Buying A Rochester MN Foreclosure Home

So the $8,000 first-time home buyer tax credit came to an end on April 30, 2010. Lots of
home buyers got to take advantage of it, and for many others, the timing wasn’t right – or they
didn’t find just the right home within that time frame. If you’re among them, here’s the good
news: it’s still a great time to buy. In fact, as one door closed, several others, along with many
windows, opened.

The opportunity for a great deal in today’s real estate market is showing up in new ways, namely,
short sales, foreclosures and bank-owned properties – collectively known as “distressed properties.”

Here is the main thing you need to know about distressed properties: the term refers to the
mortgage financing on the home, not the home itself. Distressed properties may well be in
perfectly fine shape.

But even so, why would anyone seek out a distressed property? Read on...