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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

If you have decided to pursue the bank owned properties in Georgetown, KY, you will 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 its inventory 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 and I will help you understand how to make it work to your advantage. The one of the biggest reasons that it’ll work for your wallet is that the bank does not want to sit on its inventory. Since it did not receive its minimum bid from an investor or home buyer during the foreclosure sale at the courthouse, the bank is likely to price that home for less, just 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 to the market, it is very possible that the bank will not 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 me by your side.

Many banks 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. Banks do not often pay for pest reports, repairs or home warranty plans. Call me when you are ready to get started.

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Weather of the Day

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

Current Conditions:

Partly Cloudy, 77.89 F


Jul 16, 2018 - Partly cloudy in the morning and breezy in the evening.

High: 103.84 Low: 77.83

Jul 17, 2018 - Mostly cloudy throughout the day and breezy until afternoon.

High: 93.8 Low: 79.77