5 bedroom 4 bath 3800 sq feet.  It needs work, you need a construction background or be ready to be your own general contractor on this one.  Price is $239,000

This Four Season waterfront foreclosure is a great buy!  This will be the lowest price home sold in this area, you have to go back to the early 2000′s to find pricing this low.  Needs some cosmetic work.  Located in an area of $500,000 and up waterfront homes.

Awesome dock included.  It is rare to get a dock with a foreclosure.  Call John Garrett today before you miss this golden opportunity.  This property is not in the local Lake of the Ozarks MLS system. 573-480-6420

There is a great foreclosure home in Lake Ozark for only $159,000.  I remember showing this home a few years ago in our MLS, it has a great view and is in Big Bear subdivision.

Here are all waterfront home foreclosures

Another sign that summer is close, the best lakefront Cajun food at the Lake is open on weekends in March, and full time in April!    Have a Cajun Bloody Mary while watching the boats go by in Osage Beach.  The Lake of the Ozarks has exceptional waterfront dining, and the free boat show you get is an added bonus.  Call John Garrett to find your own little slice of Lake heaven 573-480-6420. 

The stats show 2012 sales up through February 2012.  Foreclosure sales are up but as I stated in a article a few weeks back, the number of foreclosure condominiums listings are shrinking.   All signs point to a strengthening market, so if you have been waiting, now is the time to take advantage of the great inventory and incredible interest rates.  Search for property here  

Call John Garrett today with any questions about Lake of the Ozarks real estate 573-480-6420.   

January condominium sales show an increase of 71% over January of 2011. That is in dollar volume sold, and the average price increased as well as the number sold. All good signs for moving ahead in 2012.

I used to subscribe to a service that would give me foreclosures in this area. This is totally unnecessary and a waste of money and time. You will not receive up to date info, and you need almost instant info to get the best foreclosure deals.  For a couple of years now, our Lake MLS has had a search field for foreclosures, and I stay on top of all of the local banks foreclosure lists.

If you are serious about looking at foreclosure properties in this area, be ready!  I just had a client write an offer on the first day a foreclosure home came on the market. Turns out there were 5 offer submitted as well. It ended up selling for way over list price.

Getting a per-approval letter is a big first step. The delay in getting this can cost you a great deal. Be ready to make your first offer your best offer, it might knock out the others and prevent a costly bidding war.  

If you require references, I can provide you with the last 10 foreclosure buyers I worked with upon request.   573-480-6420

These types of REO (real estate owned) properties are not always put into the MLS system. I recently purchased a property this way and felt is was greatly undervalued and failed to get proper exposure, as it only appeared on a bank website. It took about 5 clicks into the system to find it.

There are some like this, and while I have an open listing to sell them, I can’t advertise them here or I would. Call me to see if there are any great deals like this right now, today. Consider it a friendly chat with a knowledgeable resource that is willing to share his information. If you’d rather e-mail, that is fine as well.

Foreclosure Lake Home $155,000

This is a super buy and you need to act right now to get a waterfront Lake of the Ozarks foreclosure of this quality.  This 3/2 homes is on Shawnee Bend, and includes a dock!  You simply can’t go wrong at $155,000.

You will have to have a letter of pre-qualification and be prepared for multiple offers, so use an agent that has dealt with this situation many times before and knows what to do.  Call John Garrett at 573-480-6420.  John is a foreclosure specialist, and can give you references from his last 5 foreclosure buyers upon request.

The Missouri Property Tax Credit Claim gives credit to certain senior citizens and 100 percent disabled individuals for a portion of the real estate taxes. The credit is for a maximum of $1,100 for owners who owned and occupied their home.

Click here for the Property Tax Credit Qualification Chart.