Buying a Power of Sale? Worried about closing?

I am happy to report that buying a Power of Sale has become much safer. Many of my Buyer clients have been worried that the original owner of the property may block the closing of the home. With prices on the rise it is easier to find money to "redeem" the mortgage. Newer legislation, has made this less of a concern. If the bank accepts a condition free offer from a Buyer, The original owner can no longer prevent the closing or redeem the property.

If you would like to see more infprmation, check out Mark Weisleders website at:


1 Comment

  1. Ron 10/23/2012 at 4:21 PM

    Yes Mike you are correct it is easier to buy a power of sale property now. We arrange a large number of mortgages for these types of properties.

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Mike Andrews

Mike Andrews

Sales Representative
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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