You can search for Foreclosures right here.  Residential, Condo, Lots and Land.  Just click “Search”,  on the next page, right above the save button click on “More Options”, then look under listing type the foreclosure box.  Select the property type you are searching for and it will bring up foreclosure properties.   

Call John Garrett 573-480-6420 with any property questions.

This Mobile Home Park at the Lake of the Ozarks boasts great income and a location and reputation that makes it easy to keep full.  The property sits on 20 acres, and is surrounded by trees.   Just a few miles from Bagnell Dam in Lake Ozark, this is close to area employment and future growth.  Call John Garrett Lake Real Estate Pros for more information at 573-480-6420.

EAGLE MOBILE PARK

This Lake Ozark Condominium for sale has 2 bedrooms and is right on the water for $46,900!  That is a great deal.  This condo was on the market pre-foreclosure for $87,000.  There aren’t many deals like this, and when they come up you have to nab them quickly!  Call me for details at 573-480-6420.  UPDATE: SOLD by Lake Real Estate Pros

HOT DEAL!

Cates auction is hosting a condo sales event March 6th 2010 and you should be aware of a few things if you are thinking of buying.   First of all, there is a buyer’s premium on every sale of 9%.  This is paid whether you use a buyer’s agent or not, this fee goes to Cates auction.  It cost you nothing to hire me as your buyer’s agent, but the savings could be huge or prevent you from overpaying at auction.  This auction is live at the Lake, bidders can also watch from KC, and people can bid online.  It is easy to get auction fever and overpay in that type of enviroment.  Cates is a first class operation, but be aware that they are highered by the seller to get the highest price possible.  Have an agent that is on your side that knows the Lake condo market. 

Only two units are absolute auctions.  The rest of the units will have a reserve.

LANDS’ END: Building F, Unit 626 (1215 Lands End Pkwy, Osage Beach)

THE RESIDENCES OF REGENT PLACE: Unit 201 (2558 Bagnell Dam Blvd, Lake Ozark)

ATLANTIS ISLAND: Unit N505 (64 Knox Rd, Neptune Bldg., Rocky Mount)

ATLANTIS ISLAND: Unit V405 (64 Knox Rd, Venus Bldg., Rocky Mount)

PLAZA GARDENS: Unit 2A (248 Plaza Gardens, Camdenton) Absolute Auction – No Minimum Bid!

PLAZA GARDENS: Unit 2B (248 Plaza Gardens, Camdenton) Absolute Auction – No Minimum Bid!

Hire me to be your buyer’s agent if you are serious about purchasing one of these units.  It cost you nothing but gains you 15 years of Lake of the Ozarks condo selling experience. 

573-480-6420 or john@lakerealestatepros.com

My new real estate company is called Lake Real Estate Pros.   Maybe I took the Warren Buffet quote that everyone loves nowdays that says ““… be fearful when others are greedy and to be greedy only when others are fearful” a bit too seriously.   After 10 year at RE/MAX Lake of the Ozarks, it was time to make this move.   Lake Real Estate Pros is located across from JB Hooks on Bagnell Dam Blvd.   The address is 2221 Bagnell Dam Blvd Ste 400, Lake Ozark MO 655049.  John Garrett can be reached at 573-480-6420.

Lakefront Foreclosure

You’ve likely seen this home when crossing the Community Toll Bridge from Lake Ozark to Shawnee Bend. The difference is that it now has been foreclosed on and the price is now $1,562,500 down from well over $2,000,000.

The description in the MLS reads:

Spectacular 1.2 acre lot with 340 ft. of gentle lakefront is a one-of-a-kind with a trophy home unlike any other. Major remodeling and expansive landscaping under way-exquisite detail and design. A private retreat with expansive views, cove protected waterfront, pea gravel beach, level curved driveway, private pool, outdoor kitchen, spectacular patio w/fireplace, totally revamped master wing.

This home was purchased and remodeled before it was put back on the market, it was one of the best remodel transformations that I’ve seen at the Lake of the Ozarks. Now someone will get a really great deal on this home. Call if you need any additional information. 573-480-6420

A short sale is when a lender will sell a property for less than the loan principal amount that is due.  Why would lender do this?  It is estimated by Alex Charfen who is an expert on distressed properties that a $200,000 home will cost the lender an average of $65,000 to up to $100,000 in expense if they have to foreclose, own, then dispose of the property. 

What cost so much?  Some expenses include seller concession, legal fees, taxes, insurance, utilities, maintenance, Interest loss, association dues and fees, closing costs, and commissions.  There can be many more, this is just a partial list.  

So a lender really has an interest in selling a property rather than foreclosing on it.  That said, the process of selling short, and buying a short sale is a slippery slope and you need someone with experience in this situation.  If you need help either selling short or buying a short sale, call John Garrett today at 573-302-2320.