Lien state (Florida) is when a mortgage is given as the security instrument that has to be foreclosed through a judicial process.
All Safe IRA Foreclosure Sales are a 50/50 partnership program.
Foreclosure sales are typically purchased at 50-60 cents on the dollar of retail value of the home. Rehab costs are commonly around $5,000, and will rarely exceed $10,000. After rehab, the homes are marketed at 10-20% below market value. As the best product at the lowest price in the neighborhood, the homes are able to be turned quickly.
Want to learn more about our Investor Programs? Contact us.