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Long Beach Foreclosures Can Be a Good Deal

Shannon Featured Articles , Foreclosures , Long Beach Condos , Real Estate

If you’ve been considering buying a home in Long Beach, California, this could be a good time. Right now, there are a number of distressed properties on the market with reasonably low prices. Both short sales and foreclosures can represent good deals for Long Beach home buyers and the fact that interest rates are low means that monthly mortgage payments are sometimes about the same amount as you would pay for rent.

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Buying a Long Beach Foreclosure or Short Sale

Shannon Featured Articles , Foreclosures , Long Beach , Short Sales

If you’re looking for a distressed property in Long Beach, you have many to choose from. Of the 755 houses for sale in Long Beach right now, 319 of them are either short sales or foreclosures. Distressed properties are a part of the real estate landscape right now. Buyers may consider foreclosures — also known as bank-owned or REO homes — or short sales. So what’s the difference between buying a short sale or a foreclosure? Many buyers think the process is just the same. When you’re buying a short sale, the process can be longer and more involved because the seller …