Foreclosures

Foreclosures and Distressed Properties in Madison and South Central Wisconsin: Articles and Tips

Found 2 blog entries about Foreclosures.

Interested in buying a distressed property in Madison or the surrounding Dane County area? Mad City Dream Homes has all the tools you need to quickly identify foreclosures and short sale properties. Read on to learn how you can use our search tools to locate short sales and REO/bank-owned homes in the Madison area. 

 

Example: Searching for Madison Foreclosures 

  1. Go to our property search page.
  2. Type Madison into the Location filter.
  3. Go to the Foreclosures filter and select REO/Bank Owned.
  4. Click Refine Search.

Our search page will then display a list of REO/bank-owned foreclosures in the city of Madison. Note "REO" stands for "real estate owned" by a lending institution.  

 

Example: Searching for Madison Short Sales 

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Many Madison area home buyers gravitate toward bank owned properties and short sale listings. In the right situation, an REO or short sale property can offer the prospective buyer an incredible value. We've assisted many clients with their purchase of a foreclosed home or condo, and we've seen our buyers achieve some amazing deals. But there are some caveats related to buying foreclosures in Madison. If you've been thinking of buying a distressed property, here are five things for you to keep in mind.

Before you Buy, Keep these 5 Things in Mind:

  1. Distressed properties represent only one piece of the market, and the supply of foreclosures is decreasing. If you limit your search to REOs and short sales, you're missing out on the possibilities that
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