Foreclosure At Mosler Lofts

For those of you that didn’t see the post a few weeks ago “Seatte Foreclosure List“, in an exclusive partnership with Vestus, we now have the ability to send out a weekly list of Seattle condo foreclosures (Free Service).  This weeks foreclosure list includes a unit at Mosler Lofts on the 4th floor. For those of you interested in receiving the free list of weekly foreclosures, add your name to our e-mail system (see here) or simply fill out the form below.

Not all foreclosures are a good buy.  In fact, prices have fallen so rapidly that many banks refuse to take the loss necessary in order to move the unit.  Thus, creating a situation of adding more real estate to their balance sheet.

In the case of the Mosler Lofts unit referenced above:

The debt on the unit is:  $341,281.38

The owner has back payments or arrears of $15,048.75

Creating a total debt to the bank of:  $356,330.13

The minimum bid at auction will be $360,874.91

A myth about foreclosures is that you have to have 100% cash. There are plenty of resources that all you to purchase with as little as %15 down.  If you have any questions, please feel free to contact us.

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WEEKLY SEATTLE CONDO FORECLOSURE LIST

[contact-form 9 “Foreclosure List”]