Grand Rapids Condo Foreclosures

Grand Rapids downtown condos are selling! Fast! In fact, the whole condo market is moving right along. Most of our downtown condos are selling very fast, especially is they have been priced correctly. Prices are still low but we have been seeing an increase and interest rates are still very attractive. In this market there are still even better deals to be had as there are several distressed condos on the market. Among these are short sales and foreclosures or bank owned property.

Purchasing Grand Rapids condo foreclosures is the same as purchasing anything else however, if you are interested in a short sale, the wait is more than likely going to be longer. In fact, it could be anywhere from 3 – 6 months for the average short sale. A short sale takes place when the owner owes more than the condo is worth and the bank is petitioned to accept less than the loan amount. With the sheer volume of these distressed properties, it just takes a very long time.

If you are looking for a condo in Grand Rapids and don’t mind waiting, then perhaps one of the short sale condos might be an option. If you have any questions about purchasing a downtown condo or if you have a condo that you need to sell and would like to find out its value, feel free to call me direct at 616-570-1871 or email me anytime.

See below for the current Grand Rapids Condo Foreclosure Listings.

Grand Rapids Condo Foreclosure Listings

Here are all of the Short sales and foreclosure listings in Grand Rapids and the surrounding areas. For more information or to set up a showing, please contact us at your earliest convenience.

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