St Tammany Parish Louisiana REO / Bank Owned Homes For Sale
Including; Mandeville, Covington, Madisonville, Slidell, Pearl River, Lacombe, Abita Springs, Folsom, Bush, Talisheek and Waldheim.
Let me keep it simple. Due to the recent mortgage crisis there has been a dramatic increase in the number of properties going to foreclosure, hence there has now been a dramatic increase in the number of REO / Bank Owned properties on the market. As these homes go through the foreclosure process, the banks are forced to buy them back, due to their loss of value in the decreasing market. These REO homes, traditionally, are excellent investments. Banks want to sell these properties and are willing to negotiate. Many of these homes need work though, and you will want, and need, to work with a licensed home inspector and a licensed contractor through the purchase process. These experts will let you know, what is wrong with the house and how deep the damage goes. They will give you good faith estimates on repairs and once purchased will complete the renovations. A list of qualified home inspectors and contractors can be provided as needed.
Check out these REOs. The Banks want to sell these homes. The Banks are going to sell these homes. If you want a deal on a home, now is the time.
Visit St Tammany REO Homes For Sale for a Free List of REO Homes in your area, matching your specific criteria.
Watch this short video and learn more.
What is an REO?
If you have any questions, please feel free to call or email me. I will get back with you at the earliest possible moment.
Thank You
Marc Pellettiere Realtor®
Scoggin Properties / GMAC
100 Innwood Drive, Suite A
Covington, LA 70433
985-867-8670
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