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 Post subject: Roques & Risco/Teguise Greens
PostPosted: Mon Mar 18, 2013 1:39 pm 
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Joined: Mon Mar 18, 2013 1:33 pm
Posts: 28
Hi,
I've come across a couple of bank repossessed houses on this new complex in CT, near the golf course. The prices are way cheaper than when they first started selling.
If something seems too good to be true, it usually is, so what does a buyer need to be aware of here?
Thanks in advance,


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 Post subject: Re: Roques & Risco/Teguise Greens
PostPosted: Mon Mar 18, 2013 1:56 pm 
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Joined: Thu Jun 14, 2012 7:30 am
Posts: 541
Hi
Supply and demand rules here.......there is a glut of houses built during the profitable good times......many many of which now stand empty and unsold or have been repossessed from their original buyers due to various reasons....mainly no work due to the crisis......as long as the house is being sold by the bank it should have no other liens or charges on it.......always use an independant lawyer to check this.........lots of properties here are now for sale between 55%-70% of their original selling prices.....its a buyers market....but as always ´´caveat emptor !¨¨.


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 Post subject: Re: Roques & Risco/Teguise Greens
PostPosted: Sun Mar 24, 2013 3:55 am 
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Joined: Mon Mar 18, 2013 1:33 pm
Posts: 28
lanzalocal wrote:
Hi
Supply and demand rules here.......there is a glut of houses built during the profitable good times......many many of which now stand empty and unsold or have been repossessed from their original buyers due to various reasons....mainly no work due to the crisis......as long as the house is being sold by the bank it should have no other liens or charges on it.......always use an independant lawyer to check this.........lots of properties here are now for sale between 55%-70% of their original selling prices.....its a buyers market....but as always ´´caveat emptor !¨¨.


Makes sense. Thank you,


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