Advantages:
- Banks are motivated to sell, banks are not in the buying and selling real estate business they are in the lending money business.
- Property can be located in your desired area in a well established neighborhood, near good schools, shopping malls and main highways.
- As an investment you can purchase low enough to resale for a profit.
Disadvantages:
- Banks will not be willing to negotiate below listing price.
- Bank will not do repairs, as-is sale.
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