Jacksonville Foreclosures are not necessarily sold "As Is"

Posted by Howard Flaschen on Monday, May 14th, 2012 at 3:16pm.

Jacksonville, FL - If you have a good Realtor (ahem) they may be able to tell you what "As is" means becuase it may not mean what you think it means.  I hope that reads better than it sounds.  See, many of these banks are selling their REO's and claiming "As Is" and that worries a lot of Jacksonville's homebuyers.  Why?  Because getting the loan is fight enough but imagine having to stroke some checks after you move in to get the home livable.  That is what is the reality for some....but.

If you have a good Realtor (cough) they may be able to show you how the banks will actually pay for many of the repairs needed for the home.  I have some customers right now who are buying a foreclosure and the bank to remain nameless but rhymes with Bells Largo, are making many of the repairs on the home thus minimizing the move in cost for my customers.

As Is, as a disclosure, is fine but it does not mean the home will be sold to you, or at least has to be sold to you in a wanting state.  To the contrary, a good realtor (#$%^) can show you how As-is might certainly not mean what you think it means.

Howard Flaschen




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