As you are paying a realestate price that is about 10% to 50% below the market value, the moment you close the deal, the land has equity. When you are purchasing bank foreclosed homes, you have already managed to make a significant amount of money on the realestate. This is because compared to any other form of land buy; there are no issues of realestate title attached to the realestate. When you are buying foreclosed properties owned by banks or bank foreclosure homes, you get the land title policy [...]
Morgan hill homes
Information is deemed relaible but not guaranteed.