Look for mispriced listings2 of 8"This can happen two different ways," says Sean O'Toole, founder and CEO of ForeclosureRadar.com."The underpriced properties get a ton of activity and go quickly, but you can really get a better deal on an overpriced property," he says.An overpriced property will generally get little interest and may sit on the market for a year or more. Therefore, when someone actually makes an offer, the bank may act on it quickly. Related Articles:Mortgage MattersHousing market recovery?Interest Rate RoundupRate Trend Index4 steps to refi mortgageRelated Links:Calculate your mortgage30-year or 15-year mortgage?Balloon mortgage calculatorCalculate your mortgage paymentHow much paint will you need advertisement
"This can happen two different ways," says Sean O'Toole, founder and CEO of ForeclosureRadar.com.
"The underpriced properties get a ton of activity and go quickly, but you can really get a better deal on an overpriced property," he says.
An overpriced property will generally get little interest and may sit on the market for a year or more. Therefore, when someone actually makes an offer, the bank may act on it quickly.
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