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Kathy Lacny2357 Huguenard Dr. Ste.100Lexington, KY 40503(859) 489-2880lacny59@gmail.com
Kathy Lacny
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Bank Owned Properties Georgetown KY

To pursue bank owned properties in GeorgetownKY, you’ll want an expert who can help you understand how to make this pay off. On the surface, it might not sound as though foreclosures are profitable, especially if the bank wants to sell on the open market for the amount that was once owed to the bank by the previous mortgagor.

There are at least two reasons why an REO can be profitable. One of the biggest reasons that it’ll work for your wallet is the bank doesn’t want to sit on its inventory. Since it didn’t receive its minimum bid from an investor or home buyer during the foreclosure sale, the bank is likely to price the home for less to get rid of it.

There are many places online to find bank owned properties in Georgetown, KY in addition to the MLS. If the listing is relatively new, it’s very possible that the bank won’t deviate much from its asking price. You will have greater negotiating power if you make offers on homes that have been on the market for longer than 30 days and with me by your side.

Bank owned properties in Georgetown, KY, can be a great opportunity, and I’d love to help you make one yours. This type of purchase can be a challenge, so work with a professional who can help you understand the ins and outs of the transaction to ensure you’re taking advantage of everything that might assist you.

Many financial institutions are moving away from paying typical closing costs for the buyer. Some fees such as transfer taxes, county and state fees, are borne by the buyer and not the bank. They don’t often pay for pest reports, repairs, or home warranty plans. Call me when you’re ready to get started.

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Weather of the Day

Conditions for Lexington, KY at Dec 17, 2018current weather icon

Current Conditions:

Overcast, 14.35 F


Dec 16, 2018 - Mostly cloudy throughout the day.

High: 38.65 Low: 13.9

Dec 17, 2018 - Mostly cloudy throughout the day.

High: 35.4 Low: 13.75