Vermont foreclosures offer a great opportunity to both buyers and investors who currently have the means and the will to buy real estate in Vermont right now. The state of Vermont, which has till date managed to keep the number of its foreclosures quite low compared to most other states, has finally managed to garner a high enough inventory of foreclosed properties that will offer buyers both choice and variety. Apart from this, the growing number of Vermont foreclosures has managed to create a market which favors the buyer more than the seller.
Vermont foreclosure properties can be acquired for discounts ranging from 10% to 30% easily. In places like Orange County, the discount could be considerably more, because a high inventory of foreclosures with banks and lending institutions are forcing them to sell fast and cut their losses instead of holding on to their foreclosed acquisitions.
The main reason why Vermont lags behind a number of other states when it comes to the total number of foreclosures is that most people have been provided with prime loans, instead of sub prime loans, which have been the major cause of high foreclosures in the country.
However, this does not mean that there is a dearth of foreclosed properties to invest in and prime Vermont foreclosures are available in counties ranging from Washington to Rutland and Windham to Windsor. Good websites featuring the latest foreclosure listings can lead you to some of the best foreclosure properties in the state.
Thousands of foreclosed properties are available with banks and lending institutions. Apart from this, there are an ample number of pre-foreclosure properties too that have been put on the market. The counties offering the highest number of Vermont foreclosure options are Washington, Windsor, Rutland, Chittenden and Franklin. Prime foreclosure properties are also available at a fraction of their real value in Addison, Caledonia, Bennington, Essex, Grand Isle, Lamoille and Orange.
Vermont foreclosure properties can be acquired for discounts ranging from 10% to 30% easily. In places like Orange County, the discount could be considerably more, because a high inventory of foreclosures with banks and lending institutions are forcing them to sell fast and cut their losses instead of holding on to their foreclosed acquisitions.
The main reason why Vermont lags behind a number of other states when it comes to the total number of foreclosures is that most people have been provided with prime loans, instead of sub prime loans, which have been the major cause of high foreclosures in the country.
However, this does not mean that there is a dearth of foreclosed properties to invest in and prime Vermont foreclosures are available in counties ranging from Washington to Rutland and Windham to Windsor. Good websites featuring the latest foreclosure listings can lead you to some of the best foreclosure properties in the state.
Thousands of foreclosed properties are available with banks and lending institutions. Apart from this, there are an ample number of pre-foreclosure properties too that have been put on the market. The counties offering the highest number of Vermont foreclosure options are Washington, Windsor, Rutland, Chittenden and Franklin. Prime foreclosure properties are also available at a fraction of their real value in Addison, Caledonia, Bennington, Essex, Grand Isle, Lamoille and Orange.
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