Palm Springs Foreclosures

Looking for a great savings opportunity in Palm Springs? A foreclosure property might be what you’re looking for.

When it comes to Palm Springs foreclosures, our strongest recommendation is that you work with a very experienced, knowledgeable Realtor. This is more than tooting our own horn. The banks are calling the shots and it takes a savvy Realtor to navigate and negotiate on behalf of a determined buyer. As you may know, California real estate contracts are long and dense with terms and provisions. With a large inventory of foreclosed properties to unload, banks have added intense pressure and stringent addenda to an already burdened process. Here’s just one example: banks are using boilerplate language that is supposed to work for all 50 states, but because of existing laws in California, their terms may not apply. Buyer beware!

The new Home Affordable Foreclosure Alternatives Program (HAFA) should help by streamlining the selling process and offering some additional protection to buyers.

Meanwhile, we anticipate that the number of foreclosures will go down and will be eclipsed by short sales, which are less expensive for the banks. We’re still seeing Palm Springs foreclosures in all price ranges, but they represent a smaller proportion of the total properties for sale.

We have excellent relationships with local lenders and a lot of experience with both foreclosures and short sales in Palm Springs and throughout the Coachella Valley. We would be happy to show you outstanding foreclosed and short sale homes in Palm Springs. Can’t wait? Take a look at our Desert Foreclosure Search tool!

In real estate, knowledge is power. We look forward to putting our Palm Springs foreclosure knowledge to work for you!

Call us today at 760-567-1550.