5 Myths About Buying A House For “Pennies On The Dollar”
Posted by Matthew Boreen
on Friday, 10 June 2011 in Real Estate One Stop Shop Blog
Matthew Boreen
Founder of RealEstateSwap.com. I kiteboard, snowboard, work with robots, study AI, and play jazz clarinet.
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RealtyTrac.com CEO Reports “The lack of understanding can foster foreclosure myths that are dangerous both for homeowners who want to avoid foreclosure and buyers interested in purchasing a foreclosure.”
Walking into the real estate market in today’s conditions to buy a house may leave you with many unanswered questions. Television, newspaper, Internet articles, and even so called real estate gurus are telling you this is the time to buy houses for “pennies on the dollar”. What most buyers do not understand is that getting huge discounts on properties may be farther from the truth than what they are led to believe.
What does it mean to buy houses for “pennies on the dollar”?
What does it mean to buy houses for “pennies on the dollar”?