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Where To Find LBI Real Estate Foreclosures In 2015
Distressed Sales in the LBI Real Estate Market
Short sales, foreclosures, and bank owned properties, while not very common on Long Beach Island, do enter our market from time to time. At any given point, there are between three and 10 distressed sales in the LBI real estate market. The absence of distressed sales, actually helps to keep the values of homes stable in the LBI real estate market. There is perhaps no greater drain on area’s economy than a distressed sale. Long Beach Island is somewhat immune to short sales, foreclosures, and bank owned properties thanks to a vibrant summer rental marketwhich is an instantaneous income producing element. The ability to rent a home helps to stave off many distressed sales in our market. That said, there are opportunities to buy a short sale, or foreclosure on Long Beach on. One of the best ways to determine where these opportunities will present themselves, is by looking at pre-foreclosures to plan for future inventory. Determining Where to Find LBI Real Estate Foreclosures in 2015 will greatly depend on the pre-foreclosure inventory today.